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Malta Launches its Islamic Finance Association

Malta Launches Islamic Finance Association

VALLETTA – In a bid to attract business from Middle East firms, the government of Malta has established a national body to help drive the development of Islamic finance, Reuters reported on June 28. This will couple with further plans for legislation to facilitate the sector as the Mediterranean country aims to position itself as …

Bitcoin Halal or Haram? There Are Other Important Questions

Bitcoin: Beyond Questions of Halal and Haram

If you want to appreciate how Islam is more than just a religion of technical laws, look at the fuss surrounding Bitcoin. Most folks are obsessed with just one question: IS BITCOIN HALAL?! What do they mean by that? Well, it seems folks aren’t sure whether it is permissible to invest in something which isn’t …

violated deal

He Violated Our Employment Deal: Can I Sue Him?

Short Answer: “You should pursue the case to its legal extent and actually take the amount the court assigns to you. But you are only entitled to fair formal salary and fair formal benefits. Anything above that which is awarded to you should be given in charity. Although it is paid by the employer, he does …

Four Things You Need to Know about Islamic Finance (IMF)

4 Things You Need to Know about Islamic Finance (IMF)

Islamic finance is growing rapidly but still remains concentrated in a number of jurisdictions. Its strong growth reflects a very strong interest on the part of Muslim populations, who have previously been underserved, but also the very strong growth…

Sharing Risk in Islamic Finance is The Future

Sharing Risk in Islamic Finance is The Future

The point is not really to say give a label and say this is Islamic Finance. The point is that Islam has solutions, that’s all it says. It says my solution for your financial system is to get everybody to share risk. Remember what happens if I want to share risk…

Can Islamic Banking Be a Solution for the Economic Crisis?

Can Islamic Banking Be a Solution for the Economic Crisis?

Right now, anybody who saves money in the banking system gets an order of something like 2%, but then inflation is around 3% or 4%. So you have a 100$ right now that might buy 100$ worth of goods and services. But if you put it in the bank in your savings…

What is Islamic Finance and Islamic Banking?

What is Islamic Finance and Islamic Banking?

The best way to try to explain what Islamic banking and Islamic finance is, is to look at the contrary view or counterfactual situation to Islamic finance is the conventional finance. Conventional finance is a financial arrangement in which interest rate based debt rules.



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