Religion is an extremely personal experience, and believers have sought to live their lives in such a way that reflects their faith. One may see from various episodes from history that it…
Islamic Finance in USA
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…
Emergence of new world in 2021
With the emergence of COVID-19 and efforts to have its vaccine, China has crossed every country including USA in supply of vaccine to the world. This has helped its one belt one…
Islamic Finance in Europe
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…
What new President-elect Ebrahim Raisi of Iran means to the world?
Iran also called Persia, and officially the Islamic Republic of Iran a is a country in Western Asia. It is bordered to the northwest by Armenia and Azerbaijan, to the north by…
Islamic Insurance (Takaful)
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…
Anarchy Knocking At the Door
On presentation of budget for 2021-22,physical fight started in parliament among government and opposition members. Books and other physical things were thrown towards each other. Abusive language was used and for this…
How to make Islamic Banking conversant with Islamic Laws
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…
Vaccines are shaping the new world
The proper functioning of any interconnected economic system depends on trust. It is also the case that a global system that has been designed by advanced economies requires a significant level of…
Islamic Capital Market Products
Capital market products satisfy customers’ investment need with the expectation of earning a favorable return. These products are based on the same principles as credit products. The long term funds are raised…