Answers To Whom Condemned Islamic Banks Practices
Even if the moral law has been strictly observed in every step of the process of acquiring wealth, our wealth still needs justification on another level and this is where…
Ruling on Debt Trading in Shariah
"Dayn" means "debt" and "Bai' " means sale. "Bai'-al-dain", therefore, connotes the sale of debt. According to Majalah al-ahkam al-adliyah, no 158 ; Dayn defines as the thing due i.e…
Islamic Banks & Shariah Scholars’ Fees
May 1 (Bloomberg) -- Sheikh Nizam Yaquby is the gatekeeper to the $1 trillion market for managing Muslim wealth. Yaquby, who lives in Bahrain, says he's on advisory boards of 40 finance…
How Islamic Bank Complying With Shariah?
Islam teaches Muslims how to conduct every aspect of their lives including financial and economic affairs. The Holy Qur'an makes it clear that entering into transactions that involve riba (or…
Riba (Usury): Today?s Practical Form and the Reasons Behind its Prohibition?
This writing will try to respond to all the questions raised. Firstly, one must have in mind that Allah, the Most Merciful, has stated clearly in the Quran: “ Those…
Asian Islamic Banks Seek Synergies Amidst Sea Change in Fintech, Regulations
Islamic banks are grappling with digitalisation which has taken conventional banks by storm. Mention the phrase “financial technology disruption” and most banks will wince, scarred as they are over the…
SC and ISRA Publish Textbook on “Sukuk: Principles and Practices”
Securities Commission Malaysia (SC) and The International Shari’ah Research Academy for Islamic Finance (ISRA) today released a joint publication on ‘Ṣukuk: Principles & Practices’ launched by His Royal Highness Sultan…
Firms Should be Given More Flexibility to Undertake Syariah-Compliant Trade – PNB
KUALA LUMPUR: Companies should be given more flexibility to trade under the syariah-compliant segment as long as their underlying, basic business abides by the syariah rules in an effort to…
Sime Darby Novates Islamic Debt Programmes
SIME Darby Bhd has novated its rights and obligations under two Islamic debt programmes to Sime Darby Property Bhd effective Sept 29, 2017, as part of its proposed internal restructuring…
Dato’ Dr Azmi Omar Comes Onboard
2 Oct, Kuala Lumpur – INCEIF welcomes Dato’ Dr. Azmi Omar as the new President & Chief Executive Officer (PCEO). He takes over from Mr Daud Vicary Abdullah, INCEIF’s second…