Jun 28, 2019 | Blog, Islamic Finance
When we discussed the organisational structural difference between conventional and Islamic financial institutions, we mentioned that Shariah board members are not full-time employees of the Islamic financial institutions and that in order to smoothen the Shariah...
Jun 21, 2019 | Blog, Islamic Finance
Another major difference between Islamic & conventional financial institutions is in terms of when a customer delays in paying an instalment, whether or not the institution affected can charge late payment fees. If such a scenario happens to the customer of a...
Jun 15, 2019 | Blog, Islamic Finance Resources
One of the best books for a beginner in Islamic economics/finance in the English language is the book ‘An Introduction to Islamic Finance’ by Sheikh Taqi Uthmani, which was first published in 1998. This was one of the first books on the subject that I read...
Jun 10, 2019 | Blog, General
After the completion of the blessed month of Ramadan and the joyous day of Eid, we have been gifted with another great opportunity that we should try our best to utilise. It is Sunnah to fast 6 days of the month of Shawaal as the one who fasts 6 days in Shawaal after...
May 30, 2019 | Blog, Islamic Finance
A major difference between Islamic & conventional financial institutions is in terms of organisational structure as Islamic financial institutions have an additional governance requirement. Islamic financial institutions must have a Shariah board whose members are...
