August 1, 2018
There was no direct equivalent of insurance in classical Islamic traditions. Since Insurance is about risk mitigation, the scholars had to look for equivalent strategies in […]
June 30, 2018
June 1, 2018
May 20, 2018
May 15, 2018
Conventional accounting provides information related to financial position, operations, and cash flows about an entity to allow interested parties to make informed decisions about the entity. […]
May 5, 2018
Published by admin on May 5, 2018
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Shari’ah Boards perform the all-important role of reviewing, approving, and overseeing the services and transaction of an Islamic bank. The boards consist of recognized scholars who […]
May 1, 2018
Published by admin on May 1, 2018
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A functioning economy requires a stable and reliable banking and financial services sector. Banks cannot be relegated to a totally laissez-faire market where all transactions are […]
April 1, 2018
Published by admin on April 1, 2018
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Sukuk are Islamic equivalent of fixed income bonds found in the western markets. Shari’ah scholars have varying opinions about legitimacy of Sukuk structure in Islam. This […]
March 31, 2018
Published by admin on March 31, 2018
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Islamic funds maintain a committee of scholars who work independent of the fund managers and advise the managers about Shari’ah compliance of various securities. The opinion […]