Islamic Finance

Dr. Mohd Daud Bakar on the need for Shariah scholars to be involved in Islamic banking.

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 …

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Dr. Mohd Daud Bakar on the topic of ‘One Shariah solution fits all’

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 …

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Nurul Farhan Osman on “Shariah Compliance”

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. …

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Maya Marissa Malek on ‘Socially Responsible Investments (SRI)’

Socially Responsible Investment, or SRI; Social Impact Bond, or SIB; Green Bond, Green Financing, are the buzz words in the conventional space lately. We don’t hear that much about Green Sukuk, or SRI Sukuk, or Social Impact Sukuk in the Islamic Finance space, though. The attributes of SRI, SIB, vis-à-vis its counterparts in the Islamic …

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Idris Mojaddidi on “Aqd or Contract in Islamic Finance”

Contract or aqd is Islamic commercial law means to tie or to bind because the contract is binding between the two parties, the offerer and offeree. Technically, contract is a legal agreement between two or more persons that creates rights and liabilities. Contracts are the foundation upon which the Islamic finance product rest. Contract in …

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