These include Zakat (almsgiving), Waqf (endowments), Sadaqa (charity) as well as Qard Hasan (interest-free loans). Islamic Finance Blog. As summarised by S&P recently, there was a significant slowdown of core Islamic finance economies in … When one defines 'Islamic finance', it is vitally important that Islamic social finance … Much of these funds originate in the majority Islamic countries in … Saturday, November 26, 2016. Let us keep the game simple and comprehensible. Islamic dictionary describes it as "The sale of what is not present". – I, Identifying Waqf Assets with Development Potential Using AI, Bringing Back Smiles to Victims of Typhoon Wutip in Vietnam, Energized by the tunes of Desert Blues, shoring up support in Mali, Saving Lives in Timbuktu, Mali through Cash Transfers, Transforming Lives in the aftermath of Typhoon Haiyan, Bringing Back Smiles in Cyclone-Hit Odisha, The Shaking Himalayas, but Life Continues  amidst “Uncertainty”……. For Islamic Finance Fatawa queries – please ask on our Fatwa Forum. Islamic finance has the potential to play a crucial role in supporting the implementation of the Sustainable Development Goals (SDGs). Thomas’ story focuses on Dar al-Maal al-Islami (DMI) Trust, a Bahamas-incorporated holding company with a portfolio of Islamic … It literally means uncertainty, hazard, chance or risk. One of the three major components of Islamic fi nance, the takaful aspect has experienced slow growth in … Now let us understand, what is gharar? [2] The percentage may be small now, but the Islamic finance … Sorry, your blog cannot share posts by email. Gharar [...], Concept of Time Value of Money in Islamic Finance and Banking:There is no concept of time value of money in Islamic finance, and Islam does not recognized the value of money in any type of [...], Maysir and Games of Chances Maysir is an Arabic terminology and it means gambling, and it literally means ‘getting something too easily’, or ‘getting a profit without working for it’. There are various Islamic financial institutes which are planning to use the blockchain system [...], What are Shariah Compliant Loans? Islamic Finance and Money Laundering. Disrupt, we must. Islamic Finance Blogs Tuesday, July 28, 2015. The maiden experiments in Islamic banking and finance perhaps started with the birth of institutions like the Dubai Islamic Bank and the Islamic Development Bank in the mid-1970s. Maysir is a game [...], Islamic Fiscal Policy The fiscal policy in Islamic economics may be defined as: “The usage of the revenue collected by the Islamic government and expenses made to monitor and influence economy of the Islamic [...], Is Bitcoin Halal or Haram? That is why even Non-Muslims are interested in [...], Understanding Blockchain in Islamic Finance & Banking The blockchain technology is rapidly gaining the attention of Organizations of Islamic Cooperation. This was a component of our overall research agenda to examine the (mis)alignment between SDGs and Maqasid-Al-Shariah (MaS) and the role of Islamic social finance sector in general and awqaf sector…, Continue reading Contemporary Awqaf and SDGs – I, Get ready to participate in the Halal Ecosystem. The Islamic Finance Blog "Only after the last tree has been cut down, only after the last river has been poisoned, only after the last fish has been caught, only then will man find that money … Multi-Level Marketing (MLM): Is it an Ethical Game? So the profit rates are not constant, it keeps fluctuating. Islamic Finance World Wide Report. Productive Muslim's Blog. Post was not sent - check your email addresses! Dallas, Texas, United States About Blog We look in the Quran, the Seerah, … More Islamic financial institutions have surfaced recently that provide various forms of Islamic financing and riba / interest free loans. Primer on Islamic Banking: An introduction to Islamic Banking and Finance, and the main contracts that are used, along with clear examples of how these contracts are used in market practice. You will get a mufti response and we chip in too from a commercial perspective. This is manifested through the prohibition of three fundamental prohibitions: usury, uncertainty and specul… With the benefit of hindsight, we…, Continue reading Islamic DeFi: Back to Basics – V, Simplicity is not just a virtue. | AIMS UK, 7 Basic Islamic Capital Market Instruments & Products | AIMS UK, Islamic Trade Finance and its Products | AIMS UK, Reverse Logistics – System, Process & Management | AIMS (UK), Understanding 3PL and 4PL Logistics | AIMS (UK), Scrum Project Management & Sprint Project Management | AIMS UK. This perhaps means that you still have a long way to go before you are perceived as someone with good…, Continue reading Multi-Level Marketing (MLM): Is it an Ethical Game? Click here for Part 1 of this series | Click here for Part 2 of this series Paper money was introduced almost four Centuries after the birth of the first Islamic state in Madinah. Another key point worth noting is Labuan IBFC's contribution to Islamic finance. It is an imperative in Islamic finance. We do this for one reason: to make our … There are [...], What is Islamic Mortgage? The term 'Islamic Social Finance' refers to modes of finance that are rooted in Islamic ethics and intended for social benefit. Saudi Arabia Poised to Become a Global Leader in Islamic Finance 02 Dec, 2020. Islamic finance offers several features that are consistent with these objectives. For Investment questions, guidance or tips please post … Islamic finance refers to financial services that conform with Islamic jurisprudence, or Shari’ah, which bans interest, … ISLAMIC BANKING & FINANCE BLOG ( By: AlHuda Centre of Islamic Banking and Economics ) 5 Interactive Distance Learning Programs on Islamic Banking and Finance. Islamic banking is a system of banking that follows Islamic principles and guidelines. Islamic finance represents a financial system that operates based on the principles of Islamic law, (or in Arabic, Shariah), derived from the Islamic Holy Text (Qur’an) and prophetic traditions (Sunnah). – II, Multi-Level Marketing (MLM): Is it an Ethical Game? Unfortunately, Islamic banking and finance … Accreditation is one more step in our journey to meet and exceed the expectations of our students… Read More, Our propriety learning management system is flexible and feature rich platform for your… Read More, Our graduates sharing their Study experience Our graduates sharing their Study experience… Read More, Listed below are some of our client companies, and organizations of individual participants… Read More, What is Gharar in Islamic Banking? We discussed the entire range of adoptions and adaptations of classical contracts adding up to constitute the Islamic financial … Enter your email address to follow this blog and receive notifications of new posts by email. Bringing Back Smiles to Victims of Typhoon Wutip in Vietnam; Energized by the tunes of Desert Blues, shoring up support in Mali; Saving Lives in Timbuktu, Mali through Cash Transfers; Transforming Lives in the aftermath of Typhoon … A comprehensive look at the innovations, applications, and best practices of Islamic finance

Islamic-compliant finance is transacted in every major world financial center, and the need for … The Islamic approach to finance was once the most advanced in the world. Islamic finance blogs and articles on latest topics and trends from the Islamic banking and finance industry. The period of pre-eminence ended six or seven centuries ago, but the religion’s fundamental insights into the field could help form a financial system suitable for the 21st century. A recent article on CNN.com highlights the importance of Islamic finance in today’s economic-crunch world. The basic tenets of the Islamic financial system are the enforcement of justice and equity in all dealings and transactions. In the first and second blogs dedicated to the subject of Islamic Decentralized Finance (DeFi) we attempted to trace the trajectory of what we know as mainstream Islamic finance. Ethis Ventures is delighted and proud to share that 3 of the 100 most influential women in Islamic finance are part of the Ethis family. The idea behind Islamic banking and finance was to give an alternative in banking and finance that was fairer, more equitable, and more favourable for all stakeholders. Islamic finance blog and Islamic finance articles from scholars and practitioners in the field of Islamic banking, Islamic finance and Takaful. Blogs. Islamic finance shares the aims and foundations of “conventional finance” with, in addition, the concern to respect Sharia, that is to say, all the precepts of the Muslim religion. We may therefore, discuss them together. After the introduction of bitcoin, the biggest debate that has been going on in the Islamic banks and financial institutes is that whether bitcoin Halal or Haram. This meant their systems differed from western economies- making it difficult for them to collaborate. With the development of viable Islamic alternatives to conventional banking and finance… Part I | Part II | Part III Now-a-days I receive at least one headline pertaining to the crypto world among many others, as I click on Google,…, Continue reading Islamic DeFi: Back to Basics – IV, In the current whirlpool of speculation at Digital Asset Exchanges, speculative cryptos will drive out non-speculative ones from circulation. It reports that according to ratings agency Moody’s, the global Islamic finance … Projects have specifically focused on skill enhancement & assistance (SDG8.5 and SDG5), such as tailoring and dress making (YMA, Kenya and JCorp. Islamic finance can be part of the COVID-19 response through a range of financing instruments well-suited for each stage. Islamic banking or Islamic finance (Arabic: مصرفية إسلامية ‎) or sharia-compliant finance is banking or financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic economics.Some of the modes of Islamic banking/finance … Blog. In the face of significant financing needs for the SDGs, Islamic finance … [...], Academy for International Modern Studies (AIMS) 21-22 Wenlock Road, London N1 7GU United Kingdom, Your Email* Area of Interest * ---Project ManagementSupply Chain ManagementIslamic Banking & Finance, Islamic Finance Blogs and Articles | AIMS UK, What is Gharar in Islamic Banking? Blogs on Islamic Social Finance by Dr Mohammed Obaidullah: An IBF Net Initiative, In the first and second blogs dedicated to the subject of Islamic Decentralized Finance (DeFi) we attempted to trace the trajectory of what we know as mainstream Islamic finance. This system functions in correspondence to the conventional market while encouraging and [...], What is Islamic Trade Finance? Islamic Social Finance: A Paradigm Shift; Fund; Guest Blogs. Islamic microfinance was also practiced by Islamic non-profit…, Continue reading Islamic DeFi: Back to Basics – II, The trajectory of the mainstream Islamic financial services sector, as we understand, has never been smooth. Zakat can be an … About 60% of UAE’s economy depends on the Islamic finance … Lately, Islamic banking and finance has emerged as one of the most important trends in the expansion of the financial sector. Islamic Finance and Money Laundering. The Kingdom of Saudi Arabia, being the largest Islamic finance market globally in economies with dual financial systems (comprising both conventional and Islamic financial sectors) is poised to become a global leader in the Islamic … There were also the indigenously born Baitul Maals and Qard Funds. Bitcoin Fatwa in Islam | AIMS UK, What is Islamic Mortgage & How is it Different from Conventional | AIMS UK, Understanding Blockchain in Islamic Finance and Banking | AIMS UK, Shariah Compliant Loans – Introduction, Types & How Do They Work? Blog Tags In the light of the topics studied in this course ( Islamic Finance ), use any of the financial contracts to develop a mechanism to fulfill three or your financial needs to buy a car that you … A new breed of scholars, known as Islamic economists, dominated all…, Continue reading Islamic DeFi: Back to Basics – I, From our archives: IBF Review – Vol 1, No.16-17 September 2004 Pyramid or endless-chain distributor schemes ask people to make an investment and, in return, grant them a license to recruit others who, in turn, recruit still others into the scheme. Money laundering … Islamic teachings provided guidelines for Muslim nations to set up their economies and infrastructure. Some of these services may include basic personal loans, business … In essence, the investor pays for the opportunity to receive compensation when his or…, Continue reading Multi-Level Marketing (MLM): Is it an Ethical Game? Dr. Shamsiah Abdul Karim , Chief Executive Officer (CEO) of Albukhary Foundation who is recognised as the top 20 most influential women in Islamic finance is also an advisor for Ethis Ventures for social finance. Dispute Resolution in Islamic Finance: Alternatives to Litigation's journal/conference profile on Publons, with several reviews by several reviewers - working with reviewers, publishers, institutions, and funding … That mistrust of Islamic banks is the focus of a New York Times article by Landon Thomas, Jr. [“Islamic Finance and its Critics,” 9 August 2007]. Let us play the game differently. – II, From our archives: IBF Review – Vol 1, No.16-17 September 2004 If you haven't been approached so far by someone from Amway or Gold Quest or Herbalife or Biznas, you have reasons to feel bad. I presume…, Continue reading Islamic DeFi: Back to Basics – III, DeFi, we should. In this blog from AIMS Islamic Finance … The Islamic finance sector is booming. About Islamic Finance Guru. Malaysia), mushroom cultivation (IWF in Indonesia), citronella and other cash crops…, Continue reading Contemporary Awqaf and SDGs – II, In a recent blog I presented a framework for identifying action points for the awqaf sector to help achieve the sustainable development goals (SDGs). | AIMS UK, Time Value of Money and Islamic Finance | AIMS UK, Maysir (Gambling) and Games of Chances in Islam | AIMS UK, Islamic Fiscal Policy | Fiscal Policy in Islamic Economics | AIMS UK, Is Bitcoin Halal or Haram? 6th Global Islamic … Majority of Muslims prefer this form of banking because it complies with the fundamental principles of Islamic [...], Introduction to Islamic Capital Market At its heart, the Islamic Capital Market is one where transactions for Shariah-compliant financial assets are handled. (Click here for Part 1 of this series) The positive contribution of Islamic microfinance to Islamic finance in general was the dichotomy it presented. We discussed the entire range of adoptions and adaptations of classical contracts adding up to constitute the Islamic financial system. Emergency support in the short term. Photo: anekoho / Shutterstock.com Islamic finance assets represent only around 1% of the global financial market, [1] so how can tapping into these funds help close the $452 billion annual infrastructure finance gap in Emerging Markets and Developing Economies? – I, Introducing Project Deliverance, I try to demonstrate here how public and private data sources that are commonly available can be used to create artificial intelligence for classification of awqaf assets in terms of their potential for development and address the twin challenges of preservation and development. Islamic Finance Guru (IFG) is a hub that helps Muslims with their investment, personal finance and entrepreneurial journeys. From a market of just $200bn in 2003, the sector is expected to grow to over $4trn in assets by 2030. Money Laundering (ML) continues to have negative economic, social, and political effects in countries. The term “deliverance” implies the act of rescue or…, Continue reading Identifying Waqf Assets with Development Potential Using AI, Waqf projects relating to economic empowerment of women (SDG5) have largely focused on decent work (SDG8). There are many people who think that halal mortgage is better as compared to conventional mortgage because there is no interest rate. One of these, Islamic finance, is gathering more and more interest from Muslims and non-Muslims lately. Islamic banking provides fixed deposits also, Unlike conventional banking, the depositor will not get a standard profit on the investment made, the profit rates depends on the profits earned by the bank. There were the Grameen-type Islamic replications.

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