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 »
Working across the globe in my heavy travelling schedule, one aspect which is more challenging would be the time management. As you know, we cannot manage the time, we have to manage ourselves in relation to time. So, I have developed a deep observation of how I could manage my own time, not only to …
Dr. Mohd Daud Bakar on his book – 25 Hours In A Day Read More »
Pengertian Bank Syariah Apabila kita menyebut berkenaan pengertian Bank Syariah sudah pasti terlintas di benak fikiran kita bahawa secara umumnya ia merupakan sebuah institusi atau organisasi perbankan yang mana transaksi dan urusniaganya adalah berpaksikan kepada prinsip Syariah. Oleh itu, tiga prinsip utama yang menjadi tunjang muamalat maliyah yang digariskan dalam Islam adalah ia haruslah bebas …
Ijarah Ijarah refers to a lease or commission contract that involves in the exchange of usufruct or benefits of an asset or services for a rent or commission for an agreed period at an agreed consideration. In the context of Islamic finance, the ijarah concept is usually applicable in financing contracts such as in real …
Islamic finance would need a new storyline, would need a new narration to make it more trendy and fashionable and to suit the modern expectations of this new banking. From time to time, people has changed, people has evolved, if you like, in terms of the expectation, in terms of their understanding, of anything in …
Dr. Mohd Daud Bakar on the storyline of Islamic Finance Read More »
Islamic Finance has been in this world, in the modern history of financial systems in the last forty years; almost four decades. And everyone and every stakeholder has been hoping to see Islamic banking finance to be operational on the centerstage of the world financial system. I don’t think we have achieved that level, as …
Dr. Mohd Daud Bakar on ‘Mainstreaming 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 »
Islamic Microfinance is a type of banking services that focus to a target group of low income individuals or groups who does not have other access to financial services. The goal of Islamic Microfinance is to give the low-income people an opportunity to become self-sufficient by providing a way to save money and getting financial …
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 …