Islam is one of the most followed religion in the world. As a comprehensive religion, Islamic finance is part of the system. With its strong religious and spiritual principles, the religion, Islam guides the followers, or the muslims to live a life according to Allah, their one and only God. There are five basic pillars …
Essential Guide to Islamic Finance In Simple English (2019) Read More »
Amanie Advisors has collaborated with Ethereum Foundation to conduct a research on Ether as a cryptocurrency and the Ethereum platform in the attempt to provide Shariah views and opinions on these topics. The main objective of the paper is to outline the Shariah parameters of Ether, the cryptocurrency of Ethereum platform based on the extensive …
What do we know about SRI Sukuk? The SRI Sukuk, or the Sustainable and Responsible Investment Sukuk, is another investing platform which the call for the Sukuk proceed is to be used for the preservation and protection of society. The SRI Sukuk opens a new era for the Islamic Finance and complements the arising of …
In this world, we have two options, basically. We could be very much of big picture mentality or we could be very much focused on small, small things; technical aspect of things. We can be very technical, we can be very literalist, or we can be a bit above the board to see the issues …
Dr. Mohd Daud Bakar on ‘Big Picture Mentality in Islamic Finance’ Read More »
So if we speak about the Islamic Finance in Kazakhstan and the CIS region we can say that there is a very big demand for the Islamic financial products within the nations in this region. And particularly, the Kazakhstan is leading in terms of the legislation. It has developed the full legislation allowing for the …
Many are wondering, “Why do we need a Shariah discipline and Shariah scholars to be involved in the whole Islamic banking perspective?”. This is a very valid question, to be honest. Shariah is needed to guide the activities of a banking system, from taking deposit as well as from providing the financing and the treasury …
Dr. Mohd Daud Bakar on the need for Shariah scholars to be involved in Islamic banking. Read More »
The word Takaful is derived from the Arabic verb ‘kafalah’ which means to take care of one’s need. It can be defined as the pact between two parties or more who agree to joint guarantee one another in the event of loss or damage that might be inflicted upon anyone of them. The differences between …
One solution which fits all is not part of the Shariah – in the last 15 centuries, in the history of Islamic law and the Shariah world, we have seen that the scholars in the past, as well in modern time, they have been creative enough to provide more than one solution to a particular …
Dr. Mohd Daud Bakar on the topic of ‘One Shariah solution fits all’ Read More »
Can you see any similarities between human body system and Shariah? Well, Shariah is an apparatus which integrates all domains of human life, which is comprises the relationship of human being with regards to the vertical and horizontal relationship, just like the different system in the human body integrate to provide a complete human being. …
Shariah standard on gold How do you sell gold for cash in a Shariah compliant manner? This is the main point setup in the AAOIFI Shariah Standard on gold which was recently issued and the one that has the widest impact and garnered a lot of attention. The AAOIFI Shariah Standard stipulates that the exchange …
Maya Marissa Malek on “Shariah Standard on Gold” Read More »