Murabaha is a contract of exchange based on sale-and-purchase contracts with a predetermined cost and profit. The seller states the cost he has incurred on the asset to be sold and sells it to another person by adding some profit or mark-up to the buyer. »

Istisna is a contract of participation, whereby the funding party agrees to deliver a commodity or an asset at a pre-determined future time at an agreed pre-determined future time at an agreed price. »

Mudaraba is a contract of participation, a partnership where capital is provided, in cash or assets (no debt is accepted) by one party - the fund provider. »

Global gross takaful contributions are estimated to have amounted to USD26bln as at end-2014. Saudi Arabia and Malaysia are the largest takaful markets by gross contributions. Saudi Arabia generated an estimated USD7.2bln in gross takaful contributions in 2014, while Malaysia gathered about USD2.7bln. »

The reports provides a summary of the main events in the market in 2014 covering Islamic Banking, Islamic Asset Management, Sukuk and Takaful. »

The global Islamic fund sector amassed USD75.8bln in assets under management (AuM) as of 17 September 2014, with 1,161 active funds. The market is led by Saudi Arabia and Malaysia, which together hold 65% of Shariah-compliant AuM. European jurisdictions continue to attract fund managers with Islamic offerings. In Asia, a substantial more funds are emerging from Indonesia and Pakistan. Islamic fund... »

Regarding riba as permissible Question What is the ruling on regarding riba as permissible? Thank you very much. Answer Praise be to Allaah. Riba is forbidden according to the Qur’aan and Sunnah, and definitive scholarly consensus. Whoever regards it as permissible is a kaafir, because the basic principle is that whoever rejects something on which there is obvious scholarly consensus is guilty of ... »

Some types of haraam transactions Question What are the types of haraam transactions? Please quote the evidence for that. Answer Praise be to Allaah. There are many types of haraam transactions, and it is not possible to list them all in this brief answer. Shaykh al-Islam Ibn Taymiyah (may Allah have mercy on him) mentioned a useful principle concerning this matter, which will help one to understa... »

Whilst Islamic Finance is often branded as Ethical Finance and therefore as a by-product attempting to appeal to a wider audience irrespective of religious beliefs, the reality is Muslims represent the biggest consumers of Islamic Finance. The Muslim population of the world is estimated at 1.5 billion, representing 24% of total world population of 6.3 billion. It is too simplistic to assume all Mu... »

Why Muslims Reject Interest (Riba) Muslims consider interest as a modern equivalent to Riba; that is an income that is not earned or is unfair. The main problem with Riba is that from the very start it represents an unfair situation for one of the two parties in a business transaction or loss. Regardless of the circumstances, Muslims consider that the very concept of an interest rate is inherently... »