Derivatives -An Islamic Finance Perspective, By Beata M. Paxford

© Islamic Finance Today BEATA PAXFORD is a lawyer and a Ph.d. candidate in banking law. Beata is currently writing her dissertation on Islamic banking at the Warsaw University in Poland. Her main areas of specialisation...

Subprime Mortgage Crisis and Islamic Finance By MKV Nair – Researcher, Monash University Malaysia

Introduction The subprime mortgage crisis, popularly known as the “mortgage mess” or “mortgage meltdown”, came to the world’s attention when a surge in US home foreclosures (repossessions)...

Islam, Poverty and Micro Finance “Best Practices” Dr. Mohammed Obaidullah

How does one go about reducing poverty levels and providing micro finance (MF) in Muslim societies? How does one make a choice between the Islamic model of MF and the MF "best practices" that reflect...

Takaful- Its Origins, Definition, Justification and Present Status By Capt. Jamil Akhtar Khan

Capt.Jamil Akhtar Khan is the CEO of Takaful Pakistan. With a background in the Merchant Navy, Capt.Jamil commanded vessels of the national flag carrier PNFC before switching over to insurance. Before joining Takaful...

IJARA – A more compassionate form of Leasing Suresh R. I. Perera LLB, Attorney at Law, ACMA Director Tax & Regulatory KPMG Sri Lanka

The nature of Ijara The literal meaning of Ijarah is “to give something on rent”. As per Islamic jurisprudence the term connotes two distinct situations. 1)  The services of human beings...

Global Sukuk Market – by By Faisal Hasan, Head of Research – Global Investment House, Kuwait

Fast attracting Muslims & non-Muslims alike…. The global Islamic financial sector has witnessed an encouraging growth over the last decade and is currently estimated to be at around US$1trillion. It...

Sukuks – The emerging trend in Islamic Finance Suresh R. I. Perera, LLB, Attorney – at – Law Director Tax & Regulatory, KPMG Ford Rhodes Thornton & Co.

Introduction Are you a finance or capital markets specialist ? Then you must be familiar with the latest trend in the capital markets! It’s Sukuk ! Well if you are not, you need to be concerned !. We...

SUKUK – Some Basic Facts

Sukuk is a form of Shari’ah-compliant securitization which is gaining wide acceptance not only in Muslim states, but also in largely non-Muslim countries where it is seen as a very promising instrument to...