“Khums” literally means “one-fifth” (or 20%). In Islamic legal terminology, it means “one-fifth of certain items which a person acquires as wealth, which must be paid as an Islamic tax”. The Qur’an mentions this tax in Surah Anfal verse number 41: “Know that whatever thing you acquire as profit, a fifth of it ...
The first Islamic bank in Tajikistan to be opened in April 2019, a source in the financial market of Tajikistan said...
The theme for the 25th WIBC – “Islamic Finance & Sustainable Economic Growth in the Age of Disruption” is in line with the conference’s steady vision to serve as a compass for the global Islamic finance and banking industry, with the...
The second Annual Symposium on Islamic Economy and Halal Industry is designed to accommodate knowledge transfer through sharing and discussion regarding halal industry, delivered by International speakers both academia and...
This book proposes an Islamic model that offers significant prospects for economic growth and durable macroeconomic stability, and which is immune to the defects of the economic models prevailing both in developed and..
Islam & Liberty Network (ILN) announces 6th International Conference on Islam & Liberty – Building an Islamic Case for Open Markets on 14th-15th November 2018, being held at and supported by Iqbal International Institute of...
In this book, the author has tried to answer to the questions regarding Khums which Wahhabis have raised and the objections they have raised...
Islamic finance based on sharia, or Islamic law, prohibits the payment of interest, or usury. Also prohibited are investments in certain industries such as those tied to alcohol, pornography, pork production, tobacco, and...
This Handbook explores the interweaving relationship between Islamic business ethics and the market, and examines the critical role that ethics can play in ensuring that business thrives...
The book “A Sharia-Based Economic and Financial Model: An Islamic Approach to Efficient Government, Macroeconomic Stability, and Full-Employment” scrutinizes the efficiency of the statist model of “Big Government”...