There are about 16 branches of financial institutions of Islamic banking in Russia at the moment. In the current geopolitical situation, these institutions may open additional opportunities for the Russian...
Read More »1st Islamic Shari’a Compliant Account Launched by the Ugandan Bank
Uganda's Finance Trust Bank on Thursday launched the country's first Islamic Sharia compliant account called Halal...
Read More »Dissertation: Economic Thought of Muhammad Baqir al-Sadr: A Study of Iqtisaduna (Our Economics)
In the field of economics, Iqtisaduna provides necessary guidelines, values and rules that aim at achieving the twin objectives of social justice and sustained increase in...
Read More »What Is Islamic Economics? The View of Muhammad Baqir al-Sadr
This paper attempts to investigate some aspects of al-Sadr’s economic thought by focusing on his view on the nature, subject matter and methodology of Islamic economics, areas that have not received sufficient attention by...
Read More »Call for Entries: Encyclopedia of Islamic Economics and Finance
This study seeks to offer an introductory account focusing on the subjects of Islamic finance and economics. There is visible need for such an account since there is no comprehensive literature that can be employed in courses being offered in courses on....
Read More »When does Khums become Wajib?
Khums should be divided into two parts. One part is for the Sādāts which should be given to a sayyid who is poor, or orphan or who has become penniless during journey. The other portion of...
Read More »What Is the Ruling on Bank Interest in Non-Muslim Countries?
I wanted to ask a question regarding interest which you get from the bank. I mean are we allowed to accept it, because this is what we call "riba" and I heard that taking it is...
Read More »Understanding Islamic Finance
In Understanding Islamic Finance Muhammad Ayub introduces all the essential elements of this growing market by providing an in-depth background to the subject and clear descriptions of all the...
Read More »Islamic Moral Economy Foundations of Islamic Finance
The reform movement in the Muslim world can be traced back to the mid-nineteenth century and the search for authentic Islamic institutions has dominated the objectives of the....
Read More »The Moral Basis of Economics in Islam
No doubt, morality permeates Islam. It’s essentially moral teachings are comprehensive enough to render the individual and societal conditions, including the economic status, wholesome; this is...
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