Apr 7, 2020 | Blog, Islamic Finance
One of my passions is teaching and I thoroughly enjoy conducting training and sharing my knowledge of Islamic finance during my free time as I strongly feel that it is an area which is often for some reason or another, neglected within Muslim communities. In this...
Aug 2, 2019 | Blog, Islamic Finance
The nature of the contractual relationship between a customer and the financial institution is another prominent difference between Islamic financial institutions and conventional financial institutions. The contractual relationship between a customer and a...
Jul 26, 2019 | Blog, Islamic Finance
Financial institutions play a key role in acting as intermediaries in an economy which basically means that they take money from entities with surplus funds (through deposits) and then place the funds with entities with a deficit in funds (through loans/finance)....
Jul 19, 2019 | Blog, Islamic Finance
A common concern amongst customers of Islamic financial institutions is in with regards to the pricing or benchmarking of Shariah compliant products to the prevailing interest rate. For example, if the prevailing interest rate in the country is 2% and because of this...
Jul 12, 2019 | Blog, Islamic Finance
In previous posts in this series, we have discussed in brief, the role of the Shariah board & the internal Shariah department at Islamic financial institutions. We mentioned that the Shariah board is appointed to guide the Islamic financial institution to ensure...
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...
