Essential Reading

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Islamic Finance Principles

Key Principles of Islamic Finance Islamic Finance is a fast growing financial services sector within which transactions are required to be compliant with Shari’a – a body of jurisprudence derived from the Qur’an and secondary sources known as the ‘Hadith’. Key characteristics include finance based on trade transactions in order to remove the basis of making money from money, often interprete... »

Islamic Finance vs Conventional Finance

Islamic Finance vs Conventional Finance

Islamic finance is a moral system of finance. It emphasizes the balance between for-profit activities, justice, tolerance, risk sharing and social good as well as not-for-profit activities. »

How to Build the Industry’s Global Centre

How to Build the Industry’s Global Centre

The prize remains up for grabs with none of the current hubs in the Middle East and South East Asia able to achieve the critical mass to move from a domestic to regional centre, and then upwards into a global Islamic finance centre. »

The Size of the Market

The Size of the Market

The Islamic Financial Services Board in its Islamic Financial Services Industry Stability Report 2015, provides some useful data with regards to the latest statistics to the size and growth of the market, an industry which remains in an upward trajectory, evidenced by its assets’ double-digit compound annual growth rate (CAGR) of 17% between 2009 and 2013. »

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The Issuance of Sukuk – Key Steps

An overview of the issuance of Sukuk from design, structuring and implementation as well as commercial considerations , documentation formats, Reg S /144A and Reg S Only key characteristics. Presentation by Muhammad Noman Ansari. »

A History of Islamic Finance

A History of Islamic Finance

Some principles of Islamic finance stem from prior Abrahamic traditions, whilst some historical Islamic finance instruments have been adopted into modern conventional products such as letters of credit and cheques. »

Sharia Finance Contract Structures

Sharia Finance Contract Structures

Sukuk structures in accordance with the principles of Shari’ah are the same as the principles which apply to other products in Islamic law and finance. Real world case studies and guides produced by Latham and Watkins, and Linklaters. »

Misconceptions of Sharia

Misconceptions of Sharia

“Sharia Law” is a phrase which elements of the media in the West have made synonymous with beheadings, stoning to death, the chopping off of hands, banning women from driving and education, full-face veils, intolerance and the like. Such arguments fail to understand there is no single version of Sharia Law which worlds 1.6 billion Muslims follow. Sharia Law varies greatly from country to country. »

Regarding Riba as Permissible?

Regarding Riba as Permissible?

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

Some Types of Haraam Transactions

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... »