Market News

Important Contribution Of Islamic Finance Unit of The Oxford Centre for Islamic Studies

Islamic Banking and Finance, Market News / December 8, 2021

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 Started to Offer Islamic Finance Course

Islamic Banking and Finance, Market News / January 12, 2022

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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Definition of Gharar and the 3 Degrees of Uncertainty

Market News / December 10, 2021

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. Definition of Gharar Gharar literally means risk. Technically, it is something for which the probability of getting it and not getting it are about the same, “something …

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