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 …
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 …
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 …
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 »
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 …
Idris Mojaddidi on “Aqd or Contract in Islamic Finance” Read More »