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, […]
Mission Impossible: Standardizing Shariah Standards, Resolutions and Certifications in Islamic Finance
A Halal Introduction From an Islamic perspective, all human endeavors fall under one of 5 jurisprudential rulings, namely, obligatory (wajib/fard), recommended (mustahab/mandub), permissible (halal/mubah), disliked (makruh) or forbidden (haram). Of these 5, ‘haram’ has become a household word used by all – Muslims and non-Muslims alike. Its antonym is ‘halal’, meaning permissible (according to the […]
How is Blockchain in the real world?
Blockchain, Cryptocurrency and ICO have been the trendy topics in FinTech (financial technology) and other tech forums for the last few years. The well-known technology infrastructure providers including Microsoft Azure, Amazon AWS and IBM all started providing support for managed Blockchain services. Very often, we get excited to know about new Blockchain based pilot initiatives […]