Course : The Real Deal Venue : The University of Witwatersrand , Parktown Date : 17th and 18th July 2010 Register online or call : 082 740 8021 "And Allah has permitted trade, but forbidden riba" [AlBaqarah: 275] One of the most difficult and confusing issues to Muslims now a days are the matters pertaining to the rulings of buying and selling. With trade and commerce having expanded with such rapid force, many are searching for what Islam has to say about it all. Of recent, a surge in global … [Read more...]
Islamic Finance – A False Dawn
November 17, 2009 By
This article is written by brother Adnan Khan Open up the pages of any newspaper or Financial Magazine and you are guaranteed to find advertisements from banks announcing their latest Islamic finance products. Once perceived as a niche market, Islamic finance today is big business with both local and international banks keen to get in on the act. An increasing number of non-Muslims are adopting Islamic compliant products as awareness of the principles behind Shari'ah finance has grown. In 2008, … [Read more...]
Fundamentals of Islamic Finance (Part1)
January 30, 2009 By
Fundamentals of Islamic Finance Islamic Finance provides for the making of profits in an inclusionary and socially equitable manner The prohibition of debt and fractional reserve banking serves as a buffer against rampant inflation The goals of Islamic Finance are in many respects similar to the goals of conventional finance The manner in which these goals are achieved is vastly different The purpose of this article is to explain the fundamental principles and underlying philosophy of Islamic Finance, … [Read more...]
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