While Islamic banks respond to the needs of Muslim customers, they are not acting as religious institutions. Like other banks they are profit-maximizing entities. They act as intermediaries between savers…
Category:
Islamic Banking
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Halal means all things or behaviours sanctioned (permitted as lawful) by Islamic law and ritually fit to be done or use. The word Halal means permissible or lawful, and it…
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Crypto versus Central Banks Central Banks around the world have fear that crypto currency will render their domestics currencies obsolete. Their concern is if more and more citizens invest, hold…
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Islamic commercial law of contracts are those that most impact Islamic banking today. However the area of law relating to contracts and their application is a dynamic area of modern-day…
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Understanding Blockchain in Islamic Finance & Banking The blockchain technology is rapidly gaining the attention of Organizations of Islamic Cooperation. There are various Islamic financial institutes which are planning to…
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What is Tawarruq and Enah? “Tawarruq is a financial instrument in which a buyer purchases a commodity from a seller on a deferred payment basis, and the buyer sells the…
