Islamic Home Financing: Halal Options for Everyday Muslims
Introduction Ahmed and Amina, a young couple with two kids, have finally saved enough for a down payment. Like many families, they dream of owning their own home. But there’s one problem, almost every bank they visit only offers mortgages with interest (riba). For them, and for many Muslims worldwide, that’s not an option. They […]
Buy Now, Pay Later (BNPL): A Sharia lens
1. Introduction Buy Now, Pay Later (BNPL) has rapidly emerged as a popular alternative financing method globally, particularly in Saudi Arabia and the Arab region. This innovative solution offers consumers short-term financing for retail purchases, typically without direct additional costs or interest for the customer, providing immediate purchasing power. Despite its convenience, BNPL’s Sharia compliance […]
Viable Shariah-Compliant Instruments for Volatile Investments
Introduction: Scenario Ousmane is a businessman from Senegal who understands the importance of diversifying income. Hence, he teams up with Abdullah; an ambitious young man who knows his way around the city and is very capable of driving motor vehicles. Seeing that there is a high-demand for taxi services in the country, Ousmane enters into […]
Reconstructing the Maqasid Blueprint for Islamic Finance
Intro–Construction In recent times, thought leaders of the Islamic finance (IF) industry have come to the realization that the industry, at some point, had skidded off its original track whilst ‘religiously’ competing with conventional financial institutions for market share. Since then, the IF industry’s fruits have germinated from seeds planted by the prophet of capitalism, […]
How I found Ethis projects during my trip to Jakarta on January
I know it’s a bit late for this post, but better late then never. I wanted to share some memories from our Crowd Community trip to Indonesia earlier this year. I had an opportunity to stay in Greater Jakarta with our team for two days. During the stay, we visited two of our projects that were […]