Simplified Shariah Structures Guide: Salam
In this simple guide, we will look at the following: What is Salam?Benefits of SalamKey terms of SalamKey requirements of SalamContemporary Applications of SalamWhat is Salam?Salam is a sale whereby…
Sifting Through The Crypto Junk
According to CoinMarketCap’s data, there are nearly 20,000 cryptos in circulation and 527 exchanges[1]. Based on this data, an average of 22 cryptocurrencies entered the market daily to date[2]. Many…
An Exploration of the Meanings of Riba in the Qur’an
The word Riba is constructed of three root letters, namely Ra, Ba and Waw. Interestingly, the word for profit in Arabic is Ribh, which is constructed of three root letters too, namely Ra, Ba and Ha. Despite the familiarity in…
Combining Business and Hajj, Profit and Spirit
The greatest days of the year are the first ten days of Dhul Hijjah. The Prophet (sallallahu’alayhi wasallam) said: ‘There is no day more honourable in Allah’s sight, and no…
12 Characteristics of Money from the Lens of Shariah
Money is not just something which concerns Islam and Muslims, it is something which is a universal concern. Every human of every economy is impacted by the medium of exchange…
How to Structure a Shariah Compliant Convertible Note
Data compiled in the last couple of years suggests that the start-up economy is worth over $3 trillion USD. This roughly equates to the GDP of the G7[1]. Start-ups embrace…
The Shariah Breaches of Preference Shares
Definition of a Preference Share Preference shares are shares that rank above other share types and classes in terms of dividends or capital but have restricted voting rights. They are…
The Convergence of Institutional Islamic Finance and Grassroots Islamic Finance
It is common to read about the Islamic Finance industry worth over £3 trillion USD, with Islamic banking having the lion’s share of the market; According to Refinitiv Islamic finance…
Designing a Transformative Programme with Islamic Social Finance Instruments
Introduction One of the hallmarks of Islam is the prominence of social finance. The early revelation is categoric and clear on two elements: duty to Allah and duty to people.…
Income Sharing Agreements: A Sharia Compliant Revelation or a Departure from Sharia Principles?
Introduction Income Share Agreements (ISAs) are a type of alternative financing arrangement. These agreements are financial structures in which an individual or organisation provides something of value (often a fixed…