Oct 16, 2019 | Blog, Islamic Finance Resources
The third book in this list is الملخص الفقهي/A Summary of Islamic Jurisprudence by Sheikh Salih Al Fawzan, who is a prominent Shariah scholar and a member of the Council of Senior Scholars in the Kingdom of Saudi Arabia. Sheikh Salih Al Fawzan does not really need an...
Aug 18, 2019 | Blog, Islamic Finance Qualifications
I frequently get contacted by individuals eager to enter the contemporary Islamic finance industry asking for recommendations regarding the best Islamic finance qualifications. Insha Allah, I aim to discuss the different qualifications on offer by various institutes...
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...