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. Blog. For Islamic Finance Fatawa queries – please ask on our Fatwa Forum. Islamic Finance Blog. Disrupt, we must. It reports that according to ratings agency Moody’s, the global Islamic finance … When one defines 'Islamic finance', it is vitally important that Islamic social finance … Enter your email address to follow this blog and receive notifications of new posts by email. 6th Global Islamic … 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? Islamic dictionary describes it as "The sale of what is not present". (Click here for Part 1 of this series) The positive contribution of Islamic microfinance to Islamic finance in general was the dichotomy it presented. These include Zakat (almsgiving), Waqf (endowments), Sadaqa (charity) as well as Qard Hasan (interest-free loans). | 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. Saudi Arabia Poised to Become a Global Leader in Islamic Finance 02 Dec, 2020. 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 … 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 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. In the face of significant financing needs for the SDGs, Islamic finance … Thomas’ story focuses on Dar al-Maal al-Islami (DMI) Trust, a Bahamas-incorporated holding company with a portfolio of Islamic … Islamic Finance Guru (IFG) is a hub that helps Muslims with their investment, personal finance and entrepreneurial journeys. Post was not sent - check your email addresses! With the benefit of hindsight, we…, Continue reading Islamic DeFi: Back to Basics – V, Simplicity is not just a virtue. This system functions in correspondence to the conventional market while encouraging and [...], What is Islamic Trade Finance? 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. 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 … 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. 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. There are many people who think that halal mortgage is better as compared to conventional mortgage because there is no interest rate. 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? In this blog from AIMS Islamic Finance … About 60% of UAE’s economy depends on the Islamic finance … 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. Islamic finance refers to financial services that conform with Islamic jurisprudence, or Shari’ah, which bans interest, … Another key point worth noting is Labuan IBFC's contribution to Islamic finance. We do this for one reason: to make our … It is an imperative in Islamic finance. 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? Blogs. One of the three major components of Islamic fi nance, the takaful aspect has experienced slow growth in … 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. 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. From a market of just $200bn in 2003, the sector is expected to grow to over $4trn in assets by 2030. Islamic finance can be part of the COVID-19 response through a range of financing instruments well-suited for each stage. Islamic banking is a system of banking that follows Islamic principles and guidelines. Productive Muslim's Blog. With the development of viable Islamic alternatives to conventional banking and 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]. 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 … There were the Grameen-type Islamic replications. Projects have specifically focused on skill enhancement & assistance (SDG8.5 and SDG5), such as tailoring and dress making (YMA, Kenya and JCorp. Islamic Finance Blogs Tuesday, July 28, 2015. It literally means uncertainty, hazard, chance or risk. Saturday, November 26, 2016. Islamic finance offers several features that are consistent with these objectives. 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 … 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. Lately, Islamic banking and finance has emerged as one of the most important trends in the expansion of the financial sector. A recent article on CNN.com highlights the importance of Islamic finance in today’s economic-crunch world. We discussed the entire range of adoptions and adaptations of classical contracts adding up to constitute the Islamic financial … Islamic finance has the potential to play a crucial role in supporting the implementation of the Sustainable Development Goals (SDGs). Islamic Finance and Money Laundering. There are [...], What is Islamic Mortgage? Dallas, Texas, United States About Blog We look in the Quran, the Seerah, … Now let us understand, what is gharar? One of these, Islamic finance, is gathering more and more interest from Muslims and non-Muslims lately. Islamic finance blog and Islamic finance articles from scholars and practitioners in the field of Islamic banking, Islamic finance and Takaful. There are various Islamic financial institutes which are planning to use the blockchain system [...], What are Shariah Compliant Loans? Emergency support in the short term. Islamic teachings provided guidelines for Muslim nations to set up their economies and infrastructure. 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). 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? 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. 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. I presume…, Continue reading Islamic DeFi: Back to Basics – III, DeFi, we should. 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? 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. – 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. 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 … | 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? 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 were also the indigenously born Baitul Maals and Qard Funds. Islamic Social Finance: A Paradigm Shift; Fund; Guest Blogs. ISLAMIC BANKING & FINANCE BLOG ( By: AlHuda Centre of Islamic Banking and Economics ) 5 Interactive Distance Learning Programs on Islamic Banking and Finance. 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 … – 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. [...], 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? 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). So the profit rates are not constant, it keeps fluctuating. Islamic Finance and Money Laundering. For Investment questions, guidance or tips please post … The term 'Islamic Social Finance' refers to modes of finance that are rooted in Islamic ethics and intended for social benefit. This meant their systems differed from western economies- making it difficult for them to collaborate. Much of these funds originate in the majority Islamic countries in … The Islamic approach to finance was once the most advanced in the world. About Islamic Finance Guru. The basic tenets of the Islamic financial system are the enforcement of justice and equity in all dealings and transactions. As summarised by S&P recently, there was a significant slowdown of core Islamic finance economies in … The Islamic finance sector is booming. Money Laundering (ML) continues to have negative economic, social, and political effects in countries. We may therefore, discuss them together. We discussed the entire range of adoptions and adaptations of classical contracts adding up to constitute the Islamic financial system. Multi-Level Marketing (MLM): Is it an Ethical Game? Let us play the game differently. [2] The percentage may be small now, but the Islamic finance … 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. – 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”……. More Islamic financial institutions have surfaced recently that provide various forms of Islamic financing and riba / interest free loans. You will get a mufti response and we chip in too from a commercial perspective. 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. 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. 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? Islamic finance blogs and articles on latest topics and trends from the Islamic banking and finance industry. Let us keep the game simple and comprehensible. – II, Multi-Level Marketing (MLM): Is it an Ethical Game? Islamic Finance World Wide Report. 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. 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). Some of these services may include basic personal loans, business … This is manifested through the prohibition of three fundamental prohibitions: usury, uncertainty and specul… 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. Zakat can be an …