© Islamic Finance Today Nafis Alam is currently attached to the School of Business at Monash University Sunway campus, where he works as Lecturer (Islamic Finance) and has also embarked on a PhD program in Islamic Finance. Nafis has co-authored the ?Encyclopedia of Islamic Finance? which is a first of its kind. Islamic banks operating under [...] [...more]
© Islamic Finance Today Muhammad Ayub is the Author of a well known work on Islamic Finance Understanding Islamic Finance (2007). He is the Former Head of Islamic Banking, National Institute of Islamic Banking and Finance (NIBAF) and Senior Joint Director, Islamic Banking Department, State Bank of Pakistan Corporate Finance’ is related to the relationship between [...] [...more]
© Islamic Finance Today Shaukat Amer is Assistant Professor of the Department of Management Sciences, COMSATS Institute of Information Technology, Attock Campus –Pakistan. He has spoken and written extensively on Islamic Accounting Theory and Principles and on Corporate Governance based on Islamic Valuese Today at a time of economic and financial crises, it is high time that [...] [...more]
Although the Islamic mode of banking is mandated and adopted by the Islamic Republics of Iran , Pakistan and Sudan, the supply of innovative Shari’a -compliant products has been primarily led by the private sector .In fact , private Islamic banks as a group are becoming some of the largest private -sector financial institutions , [...] [...more]
The universal nature of these principles is immediately apparent even at a cursory glance of Non Muslim literature . Usury was prohibited in both the Old and New Testaments of the Bible , while Shakespeare and many other writers , particularly those writing in the 19th century ,have attacked the barbarity of the practice .Much [...] [...more]
Introduction The Islamic banking today has become most popular and reliable financial system in the world. It appeared on the world scene as active player over three decades ago. But as many of us know most of the principles which is based on Islamic Banking ,commonly accepted by the all over the world goes for centuries [...] [...more]
Harsh words against the development of Shari’ah compliant financing has not faded despite the deeply ingrained flaws in the world’s dominant capitalist system which is coming apart at the seams like a cricket ball that has been knocked around for too many sixes. Nevertheless, politically motivated censure of the Shari’ah financing sector goes on and [...] [...more]
Gold and money From time immemorial gold was money. Valuable goods were priced in terms of gold: this product is worth so many ounces of gold. But assessing the fineness of the metal and weighing it each time a transaction took place was a tedious and wasteful exercise. This led to the invention of the gold [...] [...more]
The world’s monopoly currency is still on the slide as the US’s trade partners watch and attempt to navigate a strategy that will safeguard their own economies. The evidence suggests that more and more Central Banks are diversifying their reserves away from the greenback. Perhaps this turn of events will offer a chance [...] [...more]
