|
Waqf, in plural awqaf, is defined as a perpetual endowment. It is an Islamic charitable endowment and an essential component of Islamic social finance. Creating a waqf involves setting aside certain…
|
|
Multilateral development institutions have been engaging with Islamic finance through a broad range of activities, including financing, Sukuk, technical assistance and research. There are examples…
|
|
The key components of the Shariah governance framework include a Central Shariah Board at the national or regulatory level, and a Shariah Supervisory Board and the Internal Shariah Department at the…
|
|
One avenue in Islamic social finance for longer-term investments is an impact investment fund or “social impact investment fund”. Impact investment funds are investments that explicitly…
|
|
Qard hasan (good loan) is given without expecting a return by the creditor with the pure intention of helping the debtor. Since Qard hasan is a gratuitous contract, no profit should be gained from…
|
|
Sadaqah is a charitable giving and is a non-obligatory amount of money paid to help the needy and the poor. Anyone has the ability and willingness can do so, and there are no rules applied to it…
|
|
Sukuk, is one of the most important Islamic capital market instruments. According to the Shariah Standards published by the Accounting and Auditing Organization for Islamic Financial Institutions,…
|
|
Islamic banks and conventional banks have different characteristics. One of the distinguished elements is the relationship between the bank and the customer. In an Islamic bank, the relationship…
|
|
Ijara refers to leasing whereby the ownership of a usufruct of an asset is transferred to another person for a specified period in exchange of a specified consideration known as rent. This video is…
|
|
There are two types of contracts in Islamic banking and finance, which are sale-based (exchange-based) contracts and investment based (equity-based) contracts. Sale-based contracts include murabaha,…
|
|
BMT, Baitul Maal wat Tamwil, is an Islamic microfinance institution that originated in Indonesia. Its Baitul Maal unit runs the social function and manages the Islamic social funds such as zakat,…
|
|
The contribution of Islamic financial institutions to environmental and social goals would partly depend on how the broader goals of Islamic law are conceptualized and implemented.
Promoting the…
|
|
Islamic Relief works in over 40 countries – fundraising in the global North and implementing humanitarian and development projects in the Global South, including microfinance in 10 countries in…
|
|
A number of self-regulating and standard-setting bodies have been formed to help the consolidation of the Islamic finance industry, as part of its institutional development. This video is licensed…
|
|
In addition to Islamic banking based on retail offerings, various financial institutions have emerged to respond to the ever-growing financial needs of the Muslim societies and to the hybrid products…
|
|
The objective of Islamic finance is expressed by the higher ethical objectives of Islamic law (maqasid al-Shariah) which emphasizes the well-being of all stakeholders along with society in general.…
|