DERIVATIVES – AN ISLAMIC PERSPECTIVE By A.I.MARIKAR

  The recent Global Financial melt down which brought the near crash of several financial institutions worldwide  especially in the US and Europe , highlighted the dangers of Derivatives as an investment...

ISLAMIC FINANCE – ETHICAL REFLECTIONS By A. I. Marikar

The dominant vision of nearly all people engaged in Islamic finance in modern times , is the maximization of profits through processes which are Sharia compliant The thinking behind this vision is that...

Fatwas on Islamic Banking and Finance

Fatwas by the Egyptian Office of the Mufti – 1900- 1989 1. Subject: Prohibition of bank interest. Question: Is the use of Bank money permissible (Halal) or prohibited (Haram) ? Is what is taken of it for...

The Subtle Nature of Riba, – by MOHAMMED ROBBANI – INSIF The Institute of Islamic Finance London

It is a common practice to equate the English word ‘Interest’ with the ancient Arabic word ‘Riba’. However, this simple correlation disregards the subtle nature of Riba… THE TERMS ‘INTEREST’ AND ‘RIBA’...

Financial Offences in Islam – by Muhammad Ibn Wazir

Islam has laid down a number of laws governing human conduct to ensure the wellbeing of society. A good part of these rules are of a financial nature, governing financial transactions and prohibiting certain undesirable...