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
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
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
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
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
The term Musharakah is an Arabic-rooted word derived from the word ‘Shirkah’, meaning ‘being a partner’.
In the context of Islamic jurisprudence, Musharak
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
Did you know that about 1.9 billion people in the world have faiths related to finances that keep them from accruing interest?
With increased awareness about ethical investment g
Across the world, people can generally be categorized into two types based on their professional focus. The first group consists of entrepreneurs and business owners who possess th
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