Category: Weekly Islamic Pages

There are no US laws specifically addressing Islamic finance in the United States, and financial institutions offering Islamic finance products are governed by the same federal and state laws and regulations as…

Europe is a continent located entirely in the Northern Hemisphere and mostly in the Hemisphere Europe covers about 10,180,000 km2 (3,930,000 so mi), or 2% of the Earth’s surface (6.8% of land…

The global Takaful market reached a value of US$ 26.1 Billion in 2020 in comparison to conventional insurance valuing US$ 5,193 billion.More than 306 takaful companies are operating in the market. Major countries are…

To be conversant with the principles of Islamic law (Shariah) — or at least an orthodox interpretation of the law—and guided by Islamic economics, the contemporary movement of Islamic banking and finance…

Currently, though size of Islamic Banking is small as compared to conventional banking but its growth is imminent. Right now it is acceptable to customers because! (1)Islamic banking is just another way…

Economic System under Hazat Umar (RU) Hazrat Umar (RU) the second caliph after Hazrat Muhammad (PBU) was born 13 years after the events of the elephant. He was converted to Islam in…

Islamic banks will continue to grow as economies recover The international credits ratings company is optimistic about the potential for Islamic banking in Asia, including in Pakistan That Islamic banking has grown…

Malaysian Islamic derivatives market gets boost with Tahawwut schedule development MALAYSIA: Islamic banks in Malaysia are inviting corporates, other financial institutions and statutory bodies to adopt the new Tahawwut Malaysian schedule for…

With cold winds blowing in the month of January, a 7-year old child was sitting outside my house playing with something. He was looking unaware of the intensity of the coolness. On…