The emergence of blockchain-based Non-Fungible Tokens (NFTs) has transformed digital asset ownership by introducing unique, immutable, and verifiable digital representations of assets across various sectors. Despite their growing popularity, NFTs have sparked significant debates in Islamic finance due to their novelty, economic implications, and potential conflicts with Shariah principles. This study illustrates the existing landscape […]
You walk into your neighborhood branch and see two seemingly identical counters. One says, “Conventional Savings” and the other reads “Islamic Savings.” Both offer debit cards, online banking and mobile apps. What, then, sets an Islamic savings account apart from its conventional cousin? This primer explains the contracts, profit mechanics and consumer protections that make […]