islamic finance

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

1 Comment / Islamic Finance News

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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Ainul Azura Zakiyudin on Islamic Microfinance

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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 …

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Nurizzaatirah Rosli on Takaful

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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 …

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

Benjamin Clarehugh on SRI Sukuk

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Socially responsible investment sukuk, or SRI sukuk, are a new and upcoming type of investment in Islamic finance. Many proponents of Islamic finance have over the years tried to draw parallels between the principles of Islamic finance and ethical finance. So for example, both of them they have restrictions in terms of what they can …

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Nurul Farhan Osman on “Shariah Compliance”

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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 “Shariah Standard on Gold”

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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 …

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

Idris Mojaddidi on “Aqd or Contract in Islamic Finance”

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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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