Articles

Shariah Principles of Royalties in NFTs

Introduction to Royalties Royalties are payments to owners of property for use of that property. Royalties often deal with payments for the right to use intellectual property (IP), such as copyrights, patents, and trademarks. Royalties appear in many different industries, but they serve a similar purpose in all uses. These royalties are granted by agreement, and […]
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The Anatomy of NFTs from a Shariah Perspective

Introduction to NFTs NFT is short for Non-Fungible Tokens. An NFT is a secure, blockchain-based certificate that represents an entitlement its owner has to a (usually) digital or physical asset (e.g. artwork) or licence and permit for something[1]. NFTs are indivisible and can store significant amounts of data, including unique information, which is what makes […]
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Is Gold the Currency of Islam?

The Dinar is typically referred to as the ‘currency of Islam’. The idea stems from the fact that the initial currency minted by an Islamic government was that of the gold Dinar and silver Dirham. It was the Caliph Abdul Malik ibn Marwan who ordered the minting of these currencies in the year 76 AH. […]
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What can Islamic Finance learn from Hajj?

Everything in Islam is related; the different pillars all have connections. There are patterns within Islam that appear the more you observe and the more you ponder. Allah’s guidance is immaculately congruent and meticulously complete. Focused and unbiased reflections on nature and the Qur’an can only lead one to profess the artistry and beauty of […]
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Asset, Service, Right or Debt? | Fiqh Series

This article is part of our Fiqh blog series which aims to discuss more advanced subjects relating to Islamic Finance and Fiqh al-Mu’amalat. This blog piece addresses the different types of subject matters that are traded and transacted. Introduction One of the fundamental tasks in any Shariah review or Shariah product development is to understand […]
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Dropshipping: the Halal and Shariah compliant way

By Mufti Faraz Adam and Suleman Muhammad Ali, Head of Products Muzn Islamic Bank A lot has been written on dropshipping and the Shariah concerns about it. Yet, there is still confusion and a lack of clarity on dropshipping. This article seeks to propose a valid Shariah interpretation and the Halal way to perform dropshipping […]
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Defining Islamic Fintech

In this short article, we want to simply define Islamic Fintech not from a user perspective, but rather from its linguistic roots. Why is it called Islamic? and What is Fintech? Keep reading! Islamic Fintech is composed of two terms: “Islamic” and “Fintech”. We have to appreciate these two terms to get a better understanding […]
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