Islamic finance
Islamic Finance's 'Scholar Problem': Why Are Shariah Scholars Paid So Much?
By Sophie McBain | Spear's | 13 May 2013
Dollars for Scholars
Islamic finance faces growth challenges
By Jennifer Pak | BBC News | KL | 08 Dec 2012
A steady flow of women wearing hijabs, or Muslim head veils, enter HSBC's Amanah branch in the Malaysian capital of Kuala Lumpur during lunch hour.
It's brisk business for the UK lender, which was one of the first global banks to offer Islamic finance - a field that is slowly starting to rival conventional banking in predominantly Muslim countries such as this one.
Islamic finance is based on gaining profits in a socially responsible manner.
How Sharia-compliant is Islamic banking?
By John Foster : Former editor, Islamic Business & Finance magazine | 10 Jul 2012
The Islamic finance industry has often battled with the question: How Islamic is Islamic banking?
Islamic finance values hold key to innovation
By Mushtak Parker | Arab News | 26 Dec 2011
In the aftermath of the global financial crisis which was precipitated inter alia by the conduct and perceived greed of bankers chasing profits and bonuses seemingly at any cost, there has been a revisiting of the philosophy of banking and finance especially its relationship to the public good and the real economy.
Malaysia: Kelantan collects Zakat in Shariah money
By Ibrahim Abdulaev : IslamDag.info | Kota Bharu / Friday, 26 August 2011
An historic event took place at Kelantan Trade Centre in Kota Bharu the state’s capital. For the first time in the past 100 years, payment of Zakat, the third pillar of Islam, was collected and paid with Sharia currency, Gold Dinar and Silver Dirham on 25 August 2011 in a public event organized by the government.
Business ethics in Islam
Source : Dawn Newspaper
22 Jul 2011
The term ‘business ethics’ refers to the behavior that a business organization is supposed to adhere to in its interaction with society, transactions with customers and in its internal affairs. The concept of business ethics is as old as business itself.
What is Islamic Finance?
Source : Mohammad Shafique | Global Trader
Institute of Islamic Banking and Insurance | 19 Jul 2011
Islamic finance is similar to conventional finance in the sense it refers to facilitating pooling of financial resources and their investments, except that all the activities are undertaken in compliance with Shari’ah – commonly referred to as Islamic law. Shari’ah, literally means ‘path’ or ‘way’ to water source.
Islamic banking divides Nigerian religious leaders
Source : Scott Stearns | VOA
Lagos | 15 Jul 2011
Nigeria is introducing Islamic banking to bring more of the nation's estimated 70 million Muslims into the economy. But many prominent Christian leaders say it will further inflame religious violence.
How it works
Islamic law prohibits paying or receiving interest or investing in businesses that provide goods or services that are contrary to Islamic principles.
IDB seeks new economic order
Source : P.K. Abdul Ghafour | Arab News
JEDDAH | 27 Jun 2011
Islamic Development Bank President Ahmed Mohamed Ali called for a new economic order to promote global progress and prosperity at the group’s annual conference here Monday.
Bank Negara launches landmark Islamic note as Malaysia starts road show for sukuk
Source : Mushtak Parker | Arab News
LONDON | 26 Jun 2011
The global Islamic capital market is once again focused on Malaysia with the recent launch by Bank Negara Malaysia, the central bank, of its new Islamic monetary management instrument, the Bank Negara Monetary Notes-Istithmar (BNMN-Istithmar).
At the same time, according to Islamic banking market sources, the Malaysian government has appointed the local Maybank Group and the CIMB Group, together with Citigroup and HSBC, to lead arrange a third global sovereign US dollar sukuk offering.
