finance

25 Dec 22

The Impact of Inflation

Inflation is a sustained increase in the general price level of goods and services in an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power of money. Inflation has a significant impact on the […]
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29 Mar 22

Zakat vs Riba | Riba Exposed Series – 2

Two forces have been at odds since the beginning of time; the forces of good and the forces of evil. These battles are manifest in every arena of life, including the economic arena. And it is this economic face/off which is captured in the following verse of Surah al-Rum: “Whatever Riba you give, so that […]
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06 Mar 22

Integrating Blockchain in Islamic Finance

Blockchain is called blockchain because data is stored in blocks and the data is connected in a chain. A very simple explanation is that blockchain is a digital record that is split into pieces, called “blocks,” which are stored in multiple places. Essentially, blockchain enables record-keeping that is secure, accurate, and fast. Blockchain is a […]
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08 Jul 21

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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11 Jun 21

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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04 Jun 21

Simplified Shariah Guide on Timeshares

This simplified guide looks at timesharing and the Shariah considerations of the different forms of timesharing. What is time-sharing? Timeshare allows a person to buy the use of a holiday home for the same week or weeks every year. This concept is a fraction of the price of owning it all year-round. It also takes away […]
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22 Feb 21

Islamic Finance in One Principle

The Islamic Finance industry is a thriving US $3 trillion industry. It spans across several sectors such as banking, capital markets, insurance and investment funds. These sectors are regulated by several Shariah principles and Shariah standards. Generally, several principles are cited as the core framework which highlight key Shariah principles for Economics and Finance. However, […]
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