What is Gharar in Islamic Banking? | AIMS UK
What is Gharar in Islamic Banking? It literally means uncertainty, hazard, chance or risk. Islamic dictionary describes it as "The sale of what is not present". Now let us understand, what is gharar? Gharar [...]
Time Value of Money and Islamic Finance | AIMS UK
Concept of Time Value of Money in Islamic Finance and Banking:There is no concept of time value of money in Islamic finance, and Islam does not recognized the value of money in any type of [...]
Maysir (Gambling) and Games of Chances in Islam | AIMS UK
Maysir and Games of Chances Maysir is an Arabic terminology and it means gambling, and it literally means ‘getting something too easily’, or ‘getting a profit without working for it’. Maysir is a game [...]
Islamic Fiscal Policy | Fiscal Policy in Islamic Economics | AIMS UK
Islamic Fiscal Policy The fiscal policy in Islamic economics may be defined as: “The usage of the revenue collected by the Islamic government and expenses made to monitor and influence economy of the Islamic [...]
Is Bitcoin Halal or Haram? Bitcoin Fatwa in Islam | AIMS UK
Is Bitcoin Halal or Haram? After the introduction of bitcoin, the biggest debate that has been going on in the Islamic banks and financial institutes is that whether bitcoin Halal or Haram. There are [...]
What is Islamic Mortgage & How is it Different from Conventional | AIMS UK
What is Islamic Mortgage? There are many people who think that halal mortgage is better as compared to conventional mortgage because there is no interest rate. That is why even Non-Muslims are interested in [...]
Understanding Blockchain in Islamic Finance and Banking | AIMS UK
Understanding Blockchain in Islamic Finance & Banking The blockchain technology is rapidly gaining the attention of Organizations of Islamic Cooperation. There are various Islamic financial institutes which are planning to use the blockchain system [...]
Shariah Compliant Loans – Introduction, Types & How Do They Work? | AIMS UK
What are Shariah Compliant Loans? Islamic banking is a system of banking that follows Islamic principles and guidelines. Majority of Muslims prefer this form of banking because it complies with the fundamental principles of Islamic [...]
7 Basic Islamic Capital Market Instruments & Products | AIMS UK
Introduction to Islamic Capital Market At its heart, the Islamic Capital Market is one where transactions for Shariah-compliant financial assets are handled. This system functions in correspondence to the conventional market while encouraging and [...]
Islamic Trade Finance and its Products | AIMS UK
What is Islamic Trade Finance? Islamic teachings provided guidelines for Muslim nations to set up their economies and infrastructure. This meant their systems differed from western economies- making it difficult for them to collaborate. [...]
