This book provides an introduction to the vision of an economic system based completely on the Holy Qur’an—a system defined as a collection of institutions, representing rules of behavior, prescribed by Allah for...
Read More »Introduction to Islamic Economics: Theory and Application, First Edition
Introduction to Islamic Economics: Theory and Application provides an overview of the organizing principles and fundamentals of an Islamic economy....
Read More »Zakat in Shi‘a Fiqh by Sayyid Muhammad Rizvi
A sister from Toronto had sent questions to me in 1999 about zakat and I had written a detailed response to her explaining the Shi‘i perspective on....
Read More »Risk Sharing in Finance: The Islamic Finance Alternative
This book Demonstrate how Islamic finance can successfully expand its array of risk sharing instruments, The book makes a compelling case for thinking outside the box to redevelop...
Read More »Islam and the Path to Human and Economic Development
This book briefly surveys the evolution of the Western concept of development, recognizing the wider dimensions of human and economic development and the role of institutions and rules, which...
Read More »Khums, the Fund of Independence of Bait Al-Mal+PDF
In this booklet, our purpose is not to discuss about all sources of income of Islamic Bayt Al-Mal and costs and usages, but we only want to talk about...
Read More »Khums Seminar to Be Held in Stanmore
The World Federation's Islamic Education in collaboration with The Council of European Jamaats will be holding a Khums seminar on Saturday 4th May at Hujjat Islamic Centre at Wood Lane, Stanmore, HA7 4LQ England....
Read More »Video: Is Khums Obligated on Me?
“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 …
Read More »First Islamic bank to Open in Tajikistan
The first Islamic bank in Tajikistan to be opened in April 2019, a source in the financial market of Tajikistan said...
Read More »25th World Islamic Banking Conference to Be Held in Bahrain
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...
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