Takaful: The Ethical Alternative to Conventional Insurance

In today’s uncertain world, protecting our lives, businesses, and families from financial shocks is not just a luxury—it becomes a necessity. Therefore insurance has been introduced. But for Muslims seeking financial products aligned with their faith, conventional insurance poses serious Shariah concerns. This is where Takaful, the Islamic alternative to insurance, steps in as a […]

NFT

Non-Fungible Tokens (NFTs): An Economic and Shariah Perspective

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 […]

Islamic Wealth Planning and inheritance: “Planning your legacy the Islamic Way”

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 […]

islamic saving account

Islamic Savings Account 101: What Actually makes them Halal. 

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 […]

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