The Arabic Qard and Dayn usually translate to “loan” and “debt” in English, however, these terms are also used interchangeably. The Islamic banks follow the Shari’ah […]
The need for cash for personal use is a genuine necessity of modern living and Islamic banks have developed innovative ways to provide such cash. Bai […]
Islamic Shari’ah is a rational and just code which is flexible enough to be interpreted according to needs of the time. It promotes trading as long […]
The famous command in the Quran from Chapter 2, Verse 275, “Allah has permitted trade and prohibited riba” encourages Muslims to be involved in trade and […]
As Islamic banking has evolved over last few decades, the scholars and bankers have had to develop Shari’ah-compliant products which offer means of conducting riba-free transactions. […]
