liability

18 Jul 22

The Shariah Breaches of Preference Shares

Definition of a Preference Share Preference shares are shares that rank above other share types and classes in terms of dividends or capital but have restricted voting rights. They are almost always fixed-income securities. The specifics of preference shares are usually set out in the company’s articles of association or shareholder agreements[1]. Key features of a preference […]
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03 Jan 21

The Obsession with Possession in Islamic Finance

In almost all contemporary Islamic Finance structures and products, a fair amount of attention is given to how assets are being possessed, transferred and how the associated risks are being allocated. Similarly, retail investments are vetted and screened to understand whether an investor has possession of the underlying asset. What’s the big deal and obsession […]
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