The Alternative Liquidity Facility
The Bank of England has today opened the Alternative Liquidity Facility (ALF), which has taken deposits from participating UK-based Islamic banks for the first time. The ALF was launched in…
Objectives of Shariah in Financial Needs Analysis
The objectives of Shariah (Maqasid Shariah) are the guiding principle in determining any Islamic laws widely used in areas revolving around Muslims' way of life. The primary purpose of Shariah…