While analyzing financial statements, it is crucial to know the types of those financial statements. This is to obtain comprehensive insight into the company’s financial performance’s healthiness. By understanding the types of financial statements, investors are able to indicate which strategy the reporting company is pursuing. Some company focuses on revenues generation, i.e., transaction volume …
One of the main components of effective financial planning is to cover yourself with insurance. Takaful vs conventional insurance has been one of the main dilemmas for Muslims. We will discuss the critical differences between takaful and traditional insurance in the following. But let’s have a glance at the definition of takaful first. What is …
Takaful vs Conventional Insurance: A Complete Guide Read More »
Crypto assets have been a hot topic in the Shariah perspective lately due to the hype of cryptocurrencies and NFTs. Crypto assets, also known as digital assets or virtual assets, are digital representations of value that are cryptographically secured on a blockchain platform. In short, we call them crypto. An asset is anything that serves …
Crypto Assets from Shariah Perspective: Shariah Scholars Opinion on Cryptocurrency Read More »
Decentralized finance or DeFi is an emerging digital financial infrastructure that might become a new playground for the Islamic finance industry. DeFi products enable financial services accessible to anyone with an internet connection, and the users are mainly the owner of those financial transactions. Theoretically, DeFi eliminates the approval requirements from the central bank or …
Decentralized Finance: The Next Game of the Islamic Finance Industry Read More »
Islamic banking is the new phenomenon in modern economics, it presents as an effort and the belief of ‘Ulama and Islamic economist as a solution towards interest-based conventional economic. Islamic banking is defined as non-interest banking. To answer the question on How Shariah-compliant is Islamic banking, we will observe the three areas; Philosophical fundamentals, Product …
A Critical Review: How Shariah-Compliant is Islamic Banking? Read More »
Did you know what is usul al-fiqh and its role in Islamic finance? If you did not, we will briefly explain it to you. Islamic law comes up with five legal matrixes: obligation, favorable, permissible, detestable, and prohibition. Muslims are subject to accord their conscious activities, including financial transactions, to these matrixes. With the rapid …
How Jurisprudence (Usul al-Fiqh) Plays Important Role in Islamic Finance Read More »
It is essential for Muslim investors to know how AAOIFI plays a significant role in correlating sharia principles and investment activities. AAOIFI stands for Accounting and Auditing Organization for Islamic Financial Institutions. One of AAOIFI’s goals is to set financial reporting that complies and does not contradict Islamic law (fiqh). This article outlines a brief …
One example of the sale of debt is selling receivables to another party, but, is it permissible in Islamic finance? Such a transaction likely occurs when the receivable holder needs liquidity while it is not yet due. The trading of Negotiable Islamic Certificate of Deposit (NICD) in Malaysia is another example of the sale of …
Is the Sale of Debt Permissible in Islamic Finance? Read More »
Cash Waqf is currently becoming popular as it can contribute to develop the microfinance society. This article discusses the development of cash waqf in Indonesia jurisdiction particularly. We begin to briefly introduce the definition of waqf, its types, and cash waqf. Then, we present the growth of cash waqf in Indonesia and the role of …
Interesting! Cash Waqf Can Contribute to Develop the Microfinance Society Read More »
Goldman Sachs, JP. Morgan, Wells Fargo, etc. are examples of investment banks that made huge money in the capital market. The investment bank is a financial institution that operates within a capital market system to facilitate all related matters of transaction. This fact makes an investment bank becomes a very lucrative business in the field …
How Do Investment Banks Make Money in the Capital Market? Read More »