Alhamdulillah. I’m very happy to make this statement. I’m actually the chairman of the Shariah board of Amanie, and I am in this business of advising Islamic banks for the last two decades, maybe more. It is so thrilling to see Islamic banking now becoming a global business, huge assets, tremendous rate of growth and …
I want to talk about one of the best advisory company in Islamic financial industry. I want to talk about Amanie Advisory. I’ve been with this company since 2007, 2008 and from my previous experience since 1988 in this field, during studying, searching, as well as advising many companies, banks, funds, takaful companies, I can …
Islamic investment is a broad term which refers generally to any kind of investment done in accordance with the Shariah principles, or Islamic law. Now, investment is made possible by having surplus funds, whether it’s an individual who has cash stored under their mattress or an organization which has built up retained profits over the …
Islamic mortgage Home mortgage is a very common terminology describing the way to own and purchase your dream property. How does it work, conventionally? You go, simply go to a bank, you don’t have sufficient funds to purchase your dream property, let’s say it’s worth 1 million USD. You go to the bank, you request …
What is ‘murabahah’? Murabahah is actually derived from the Arabic word of ‘ribh’, which means profit. Technically, it is a contract of sale in which the seller is obliged to disclose the cost price of the commodity plus the profit margin he makes on the commodity. It is also known as cost plus financing. Murabahah …
I would like to believe that my book on the Shariah Minds in Islamic Finance is the first ever book written by a scholar, about the way the Shariah scholars have been thinking and putting their thoughts together in dealing with the Islamic financial industry. With regards to the products, the endorsement, the audit, compliance, …
Dr Mohd Daud Bakar on his book “Shariah Minds in Islamic Finance” Read More »