What a productive year it has been for us at Musaffa! From the vision that brought Musaffa to life, to launching the world’s most accurate & comprehensive Halal Stock & ETF screener, to growing the team to 30+ finance and tech enthusiasts, it’s been an amazing ride. Musaffa is built to empower Muslim investors, to […]
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Birmingham City University has announced the launch of an undergraduate degree in Islamic Finance and Accounting. It becomes the first UK’s Islamic finance undergraduate program. The UK has expected the Islamic finance industry to expand rapidly in the coming years. Islamic finance has become a part of financial industries that grows fast. Its global asset
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The Qur’an draws a distinction between riba and sales (al ‘bay). The difference between riba and selling, however, implies a distinction between riba and ribh (profit). Thus, the meaning of riba can be more clear by contrasting riba with ribh. Riba Literally, riba means “increase.” However, in English, we translate it as “interest.” Most observers
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The website ZAWYA.com is one of the Islamic Finance news and information based websites, which is a part of Refinity Middle East. ZAWYA.com serves millions of professionals monthly with up-to-date business, financial markets, and industry news from the UAE, Saudi Arabia, Egypt, and the rest of MENA(the Middle East and North African countries). The website
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The Oxford Centre for Islamic Studies is a home for many researchers in Islamic Finance Unit, and its representatives were made up of scholars and statesmen from around the world. It is another recognized center of the University of Oxford, which was founded in 1985. The Centre provides study options for a variety of aspects
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The American University, a private university in Washington, started to offer an Islamic Finance course for both graduate and undergraduate students in 2015. Kogod School of Business has become the first to gain a competitive edge over other schools establishing Islamic Finance courses for its students at American University. Islamic Finance in the Global Economic course introduces Sukuk and
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Gharar is among the prohibited elements in commercial transactions. Nevertheless, unlike riba’, its prohibition is not absolute because some degree is tolerable. One must avoid only excessive uncertainty. Get Musaffa Premium Now Definition of Gharar Gharar literally means risk. Technically, it is something for which the probability of getting it and not getting it are
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