Mar 21, 2025
The Fiqh of Buying Gold
Gold as a Ribawi Item in Islamic Jurisprudence
Gold is one of the six ribawi items, alongside silver, dates, barley, salt, and wheat, as mentioned in the
Feb 24, 2025
The documentary credit plays a significant role in international trade, particularly in the form of a letter of credit, where the buyer and seller are in different countries. The d
Feb 18, 2025
Possession of the subject matter plays a significant role in the sale and purchase contract and is one of the important and essential elements in Islamic law and jurisprudence. Wit
Feb 13, 2025
What is fractional ownership?
Fractional ownership is a system where multiple individuals or entities jointly own a specific asset or property by contributing according to their s
Feb 07, 2025
Over the past three decades, halal financial services and products have emerged as one of the fastest-growing sectors in the financial industry, gaining widespread acceptance acros
Jan 25, 2025
The prohibition of Riba (interest) in Islamic finance has necessitated the need for alternative contracts – ones that allow both parties to potentially prosper, while also di
Jan 21, 2025
An overview about Sukuk
The term sukuk is derived from the Arabic word sakk "ﺻﻚ" which means a legal instrument, deed, or cheque.
In Lisan al-Arab, sakk is defined as "to aff
Jan 15, 2025
The term Musharakah is an Arabic-rooted word derived from the word ‘Shirkah’, meaning ‘being a partner’.
In the context of Islamic jurisprudence, Musharak
Jan 10, 2025
There’s a lot of intersectionality between conventional finance and Islamic finance – so long as it avoids interest (riba), activities and goods forbidden outright by I