Islamic Banking and Finance Blog
Welcome to the Islamic Finance Blog by AIMS Education — a trusted source for insights, updates, and expert knowledge on the Islamic banking and finance industry. Our Islamic Banking blog offers in-depth analysis, practical guidance, and timely information on Shariah-compliant financial products, services, and global trends.
Whether you’re a student, professional, or enthusiast, our articles will keep you informed about the latest developments and innovations in the ever-growing world of Islamic banking and finance.
Ju’alah (Jualah) in Islamic Finance: Definition, Rules, and Applications
Ju’alah is an Islamic reward based contract in which one party promises a specified reward to whoever achieves a defined result. In practical terms, it works like a lawful promise of payment for successful performance, [...]
What is Hiba (هبة) in Muslim Law? Rules, Types & Applications
What is Hiba (هبة) in Muslim Law? A Hiba (هبة) is an Arabic term that means “gift”, and it is also synonymous with ‘Atiyya (عطية). Hiba in Muslim Law refers to the voluntary transfer [...]
What is Kafalah? Types, Applications & Rules for Islamic Banking
What is Kafalah? Kafalah or “الكفالة” originated from the Arabic root word "Kafi", which means "surety," "guarantee," or "support." Kafalah in Islamic banking and finance provides a formal guarantee, commonly used to safeguard obligations [...]
8 Key Principles of Consumption in Islam
The Concept of Consumption in Islam Consumption, in Islamic terminology, refers to the act of using goods and services to satisfy human needs and desires. Consumption in Islamic economics is a central activity that [...]
Ariyah in Islamic Jurisprudence and Finance
What is an Ariyah? Ariyah is an Arabic term that refers to the lending of non-fungible objects for a gratuitous purpose. In classical Islamic jurisprudence, Ariyah (also spelled Aariyat) is defined as making another [...]
14 Key Principles of Business in Islam
What are the Principles of Business in Islam? Islam is not just a religion—it is a comprehensive way of life that deeply values ethical business conduct. Islam outlines clear and practical guidelines for commercial [...]
What is Hawala? Mechanism & Role of Hawalah in Islamic Finance
What is Hawala (حوالہ)? In Arabic, the term ḥawala or حوالہ refers to "transfer" or "trust", and it is an informal way of transferring funds where no actual cash is interchanged. The origin of [...]
Capital in Islam – What to Produce? & How to Produce?
Understanding Capital in Islam Capital in Islam is a “third factor of production” or “produced means of production.” It refers to a set of acquired consuming values spent to generate more of the same [...]
Amanah in Islamic Banking and Finance
What is an Amanah? “Amanah” (امانة) originates from an Arabic word that means trust or loyalty. In Islamic banking and finance, it refers to a transaction when a person gives something (such as property [...]
Iqtisad in Islam: Understanding Economic Moderation and Balance
Iqtisad in Islam means balance, moderation, and sound judgment in the way wealth is earned, used, shared, and protected. اقتصاد is not a call to poverty, nor is it permission for excess. It is [...]