World without Muslims
Source: Dr Syed Basharat of Germany Ian Bremmer, a Political Scientist and a University professor highlighted an important point that overall, Muslims account for just 0.00625%. Moreover, he had a […]
Rationalizing halal tourism: A neuroeconomic view
Wahyu Jatmiko and Azizon – Durham, UK/Coventry, UK / Wed, July 3, 2019 When the National Committee for Sharia Finance (KNKS) was formally established by President Joko “Jokowi” Widodo […]
Debt and the practice of Islamic banks
ABDALRAHMAN MIGDAD Published09.03.2019 A man praying in the Great Mosque in Bursa, western Turkey. Islamic finance is stuck between Islamic values and making a profit on the current system, […]
Pakistan may turn to Islamic banks for second $1.4 billion loan: Official
Pakistan, which has had 12 bailouts since late 1980s, is trying to avert a balance of payment crisis amid dwindling foreign currency reserves and a yawning current account deficit. Reuters@moneycontrolcom […]
Social impact a high priority for new generation of Islamic economy businesses
Fuelled by the desire to improve the welfare of local farmers and low-income workers, a growing number of Muslim entrepreneurs is implementing ethical business practices and rebuilding local economies even as they maximise profits. Salaam Gateway spoke to three social enterprise founders at the recent Global Islamic Economy Summit (GIES) […]
Islamic Finance A Potential Boost For Gold’s ‘Safe Haven’ Status
Leslie Shaffer in Singapore | @leslieshaffer1 | October 8, 2018 Gold has long been viewed as a safe-haven play, but despite recent geopolitical turmoil and market fluctuations, the precious metal […]
IBSI Announces Subscription Flexibility !
Path Solutions announced as top Islamic Banking software vendor by IBS Intelligence August 16 2018 Path Solutions, a provider of Islamic banking software systems has topped IBS Islamic Sales League […]
Cryptocurrency traders use old gold in drive to draw Islamic investors
Source: Reuters BY Andrew Torchia, Bernardo Vizcaino DUBAI/SYDNEY (Reuters) – In Dubai’s decades-old Gold Souk, customers from around the world haggle over bangles and necklaces. Elsewhere in the emirate, the region’s […]
Islam’s Historical Contribution to Commerce and Finance
By: John M. Hobson Under the reign of Eurocentrism, the Western mind imagines that even if Islam came up with all manner of new ideas and technologies – ideas in […]
Can Islamic FinTech Help To Power Western Economies?
Lawrence Wintermeyer , Contributor Opinions expressed by Forbes Contributors are their own. Guest post written by Harris Irfan Harris Irfan is Managing Director at Cordoba Capital and author of “Heaven’s […]
Zakat requires Muslims to donate 2.5% of their wealth: could this end poverty?
Guardian: Usman, a fisherman in North Sumatra, used to have a rickety fishing boat that could only take him as far as the mouth of the river, just before it meets the sea. He could not catch enough to feed his family of five but last month, he was able […]
Islamic finance is based on ‘shared prosperity’
Personal Finance | 20 May 2017 Martin Hesse The way Muslims do business is based on free-market economics, but it provides a far more equitable and sustainable economic model than the dog-eat-dog world of Western capitalism. This was a strong underlying message to come out of a recent conference on Islamic banking […]
Islamic Finance
By Y-Sing Liau | Updated Jan 6, 2017 The Koran forbids charging interest or paying it. Yet even strictly observant Muslims can participate in modern-day commerce. They use alternative arrangements designed to comply with sharia, or Islamic law. These financial instruments, in which the buyer and the seller typically share […]
The New Islamic Gold Standard Could Send Gold Prices Skyrocketing
November 17, 2016 From GoldCore: A new Sharia Gold Standard set to debut in December could be the next big catalyst to push the yellow metal to new highs. Islamic Gold – Important New Dynamic In Gold Market Next month, 1.6 billion people will likely have a new ‘gold investment standard’ Islamic […]
PARALLELS BETWEEN ISLAMIC AND ETHICAL BANKING
Professor Rodney Wilson, Centre for Middle Eastern and Islamic Studies, University of Durham Islamic banks often describe themselves as being providers of ethical financial services, but they do not spell out explicitly what is meant by this or its significance. The word ethical is used as a label, and equated […]
What is ‘Takaful’ (= Islamic Insurance)
What is Takaful? All human activities are subject to risk of loss from unforeseen events. To alleviate this burden to individuals, what we now call insurance has existed since at least 215 BC. This concept has been practiced in various forms for over 1400 years. It originates from the Arabic […]
12th World Islamic Economic Forum in Jakarta set to Accelerate Women’s leadership in SMEs
July 30, 2016 JAKARTA, Indonesia, July 30, 2016 /PRNewswire/ — There has never been a better time for women in Islamic Economies to be entrepreneurs. There are more business opportunities and more openings in the employment market for women today. They are being recognised for their value in contributing to […]
HOLD Indonesian President inaugurates 12th Islamic World Forum
Malaysia Sun (IANS) Tuesday 2nd August, 2016 Jakarta, Aug 2 (IANS) Indonesian President Joko Widodo opened the 12th World Islamic Economic Forum here on Tuesday, urging the Muslim community to use their fundamental powers to tackle global economy. Speaking at the Jakarta Convention Centre, President Widodo said the Muslim […]
12th World Islamic Economic Forum in Jakarta set to Accelerate Women’s leadership in SMEs
July 30, 2016 JAKARTA, Indonesia, July 30, 2016 /PRNewswire/ — There has never been a better time for women in Islamic Economies to be entrepreneurs. There are more business opportunities and more openings in the employment market for women today. They are being recognised for their value in contributing to […]
Zakat
In the Name of Allah, Most Gracious, Ever-Merciful Zakat (Obligatory Alms with prescribed rate) Charity towards man, in the widest sense of the word, is the cornerstone of the Islamic society and a constant theme in the Quranic teachings. There are two kinds of charities in Islam: the obligatory […]
