Islamic Banking and Finance Blog
Welcome to the Islamic finance blog at AIMS Education, your resource on information and the Islamic banking and financial industry, products, and services. Our Islamic banking blog provides insightful perspectives, analyses, and updates on the ever-expanding Islamic finance domain in the finance sector worldwide. Our articles on Islamic banking and finance will help you keep up with what is new and developing in the Islamic banking and finance industry.
Wadiah and its Types
Waidah Meaning: Wadiah means "custody" and "trust." In Islamic banking, it refers to a deposit. It has two types: Wadiah yad Dhamanah and Wadiah yad Amanah. وَدِيعَة differs from Qard; the concept involves safekeeping [...]
Islamic Microeconomics
What is Islamic Microeconomics, and What Does it Deal With? Microeconomic theory deals with the behavior of economic agents of the economic system, like consumers, firms, and factors of production. Subsistence and the means [...]
Reverse Murabaha or Tawarruq Contract in Islamic Banking
What is Tawarruq Contract or Reverse Murabaha? Tawarruq contract is also referred to as Reverse Murabaha. It is defined as, "A financial instrument in which a buyer purchases a commodity from a seller on [...]
Gharar: Meaning, Types, Examples & Role in Islamic Banking
Gharar Meaning in Islam: Gharar (الغرر) 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 in Islamic banking. [...]
Time Value of Money in Islamic Finance
Concept of Time Value of Money in Islam: Time value of money is a fundamental principle of conventional finance, however, there is no concept of time value of money in Islamic finance as it [...]
Maysir or Maisir in Islamic Banking
Maysir Meaning Maysir or Maisir is an Arabic term that means gambling. Literally, maysir meaning is ‘getting something too easily’ or ‘getting a profit without working for it.’ Maisir is a game of chance [...]
Fiscal Policy in Islamic Economics
What is Islamic Fiscal Policy? The fiscal policy in Islamic economics is defined as: “The usage of the revenue collected by the Islamic government and expenses made to monitor and influence the economy of [...]
Is Crypto Haram or Halal? Fatwa on Cryptocurrency Halal or Haram
Cryptocurrency and Islam Cryptocurrency, particularly Bitcoin, has been gaining popularity in the world of finance and investment. However, for Muslims, there is a concern about its compliance with Islamic principles. The question remains: Is [...]
What is Halal Mortgage? 3 Famous Islamic Mortgage Models
What is a Halal Mortgage? Not in terms of only religious manner, the halal mortgage is better than a conventional mortgage because there is no interest in an Islamic mortgage. That is why even [...]
Blockchain in Islamic Finance
What is Blockchain in Islamic Banking? Blockchain technology is rapidly gaining the attention of Organizations of Islamic Cooperation. Various Islamic financial institutes are planning to use the blockchain in Islamic finance to bring its [...]