Sukuk issuances rose to USD114.7bln in 11M14 (Jan-Nov 2014), a sizeable 8.6% increase from the USD105.6bln volume recorded during 11M13. Sovereign issuances accounted for almost 80% of total issuances. The record for issuances was in 2012 when $137.1 billion was raised, while issuance dropped to $116.9 billion in 2013 and fell further in 2014. »
Global Takaful Insights 2014 by EY Highlights Growth and profitability prospects for takaful operators vary significantly by markets and sectors, depending on the market’s economic maturity, industry and regulatory structure. Despite volatility in financial markets, there appears to be growth momentum in three key markets: Saudi Arabia, United Arab Emirates (UAE) and Malaysia. Acquisition of mark... »
Islamic Finance presentation by National Bank of Abu Dhabi in Brazil Ângela Martins, a specialist in Islamic finance, held a workshop at the Arab-Brazilian Chamber in order to present the principles that govern the Islamic financial market. Expanding Trade Ties Brazil is a large emerging market whose GDP nearly trebled from $800 Billion in 2005 to $2.4 Trillion in 2011. With a large population of ... »
Sharia Resolutions of Islamic Finance of Bank Negara Malaysia The enactment of the Islamic Banking Act of 1983 and the establishment of the country’s first Islamic Bank, Bank Islam Malaysia, has been instrumental in the development of Malaysia into the world’s most mature Islamic Finance market. This maturity has allowed Malaysia to become a leader in the development of standards for Islamic Finan... »
It comes under the same rulings as the riba of the Jaahiliyyah which is forbidden in sharee’ah. »
Shares may be divided, according to the field of activity and work involved, into three categories »
Leasing a Car Question Is leasing a car in the US haraam? I don’t know if there is any interest involved or not. Answer Praise be to Allaah. The ruling on a thing is based on the way it is understood, so it is not possible to state whether this purchase is permissible or forbidden without studying the contract and its clauses. There are two common forms of buying and selling by installments ... »
Ruling on Trading in Currencies/Forex Question I would like to know about investment in currency (FOREX Market). Like now a days, its very common that people invest in Euro to earn profits. One broker keeps on calling me to invest USD in Euro. Is trade in currency halal? Answer Praise be to Allaah. Dealing in currencies is permissible so long as the exchange takes place in the same sitting as the ... »
The Dec 2002 fatwa issued by Al Azhar’s Institute of Islamic Jurisprudence is viewed as legitimizing collection of interest in the context of bank deposits. »
