Work will commence in the second half of 2015 to assess the feasibility of establishing a Shari’ah compliant facility for purposes of liquidity management. »

Often overlooked within Islamic finance is the establishment of national interest free banking systems in Iran and Sudan as well as in Pakistan. »

The Republic of Turkey Under secretariat Of Treasury issued a 1.8 Billion Lira Sukuk yesterday, ending a quiet February for sukuk issuances. »

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... »

According to data published by Al Rayan Bank, as end of 2014 Islamic assets represented about 1% of the global financial market. The Muslim population of the world is estimated at about 1.5 billion, representing 24% of total world population of 6.3 billion, however it would be too simplistic to suggest all Muslims desire to bank based on Islamic principles as evidence suggests most Muslims do not ... »

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... »

The Main Requirements of Islamic Finance The Quran contains explicit rules regulating personal status, contracts, property, civil and criminal law, and the economic system. The main prescriptions relating to financial transactions are: the prohibition of riba’ [1] (i.e. the payment of a fixed or determinable interest on funds); and the prohibition of economic practices that involve the concept of ... »

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... »