aRTICLES
islamic finance
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
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
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
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
Biggest Challenge of the Islamic Finance Industry?
Question What is the biggest challenge facing the Islamic Finance industry at the moment? My opinion, apart from being under the umbrella of the conventional