Islamic Microeconimics
Microeconomics in Islamic Finance: Microeconomic theory deals with the behavior of economic agents of the economic system, like consumer, firm and factors of production. Subsistence and the means of subsistence are bound up individually, [...]
Tawarruq and Enah in Islamic Finance
What is Tawarruq and Enah? “Tawarruq is a financial instrument in which a buyer purchases a commodity from a seller on a deferred payment basis, and the buyer sells the same commodity to a [...]
What is Gharar in Islamic Banking?
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
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 [...]
Maysir (Gambling) and Games of Chances in Islam
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
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
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?
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 [...]
Blockchain in Islamic Finance
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?
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 [...]
