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…
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…