Riba, or usury, is a well-known crime in Islamic finance, as the religion views it as violating principles of fairness and ethical trade. Riba as it applies to lending, borrowing a...
Islamic finance has witnessed a rapid expansion in the last few decades, with a variety of Shariah-compliant instruments and Islamic banking services being introduced.Shariah-compl...
Tawarruq plays a crucial role in Islamic finance and serves as a fundamental pillar, offering an alternative to conventional interest-based transactions while strictly adhering to ...
Foreign exchange (forex), known in Arabic as bai' al-sarf, refers to currency exchange transactions, whether involving the same currency or different currencies.Forex trading invol...
When it comes to buying a car, most people need financing. Auto loans (those issued directly by the dealer) typically have lower interest rates than bank loans because the car is u...
The Islamic finance industry has experienced rapid growth over the past few decades, leading to the emergence of various new issues, one of the most prominent being paper money.
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What is the Al-Qard Al-hasan in Islamic finance?
The word “Qard” is an Arabic rooted word, which is derived from ‘qirad’, and it means to cut. It is called...
What is Debt Crowdfunding?
Debt crowdfunding is a method of raising funds in which individuals or businesses borrow money from a large number of people through online platforms, i...
401(k)s offer a powerful way to grow your retirement savings. But are they halal? Below we’ve broken down how they work – and how to navigate them as a Muslim investor....
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