The Reality of Islamic Finance

Category Archives: Bank

Present Financial Crisis Cause & Remedies from Islamic Perspective

by Mufti Muhammad Taqi Usmani | September 7, 2011 in Accounting, Bank, Credit Card, Derivatives, Financing, Fixed Deposit, Fund, Futures Contract, Installment, Insurance, Interest, Murabaha, Musharakah, Partnership, Stock Exchange, Sukuk | Leave a comment

بسم الله الرحمن الرحيم الحمد للہ رب العالمین٬ والصلوۃ والسلام علی سيدنا ومولانا محمد وعلی آلہ وأصحابہ أجمعین وعلی كل من تبعہم بإحسان إلی يوم الدين۔أمابعد Post Crisis Reforms: Some Points to Ponder Modern economics has been used to a … Continue reading

Interview by Dr Abdul Iwanto

by Tarek El Diwany | September 6, 2011 in Bank, Financing, Fixed Deposit, Installment, Interest, Murabaha, Sukuk | Leave a comment

Highlights of an interview given by Dr. Abdul Iwanto in London during the “World Conference on Islamic Finance: Thrusting into the 21st Century”. Q. Thank you for agreeing to be interviewed by us, Dr. Iwanto. Can I begin by asking … Continue reading

The Gold Dinar – Islam and Future of Money

by Shaykh Imran Hosein | September 5, 2011 in Bank, Financing, Fixed Deposit, Installment, Interest | Leave a comment

It is both strange and embarrassing that even at this late hour when enemies are about to weld into place the final iron gate of a financial Guantanamo, so many Muslims remain ignorant about the devilish nature of European created … Continue reading

The Problem With Interest

by Tarek El Diwany | September 5, 2011 in Bank, Financing, Interest | Leave a comment

Reproduced from the preface of the third edition of The Problem With Interest (Kreatoc Ltd., 2010, ISBN: 978-0-9544974-1-5) In the seven years since the second edition of The Problem With Interest was published, the global economy has completed another boom-bust … Continue reading

Sale on Installment

by Mufti Muhammad Taqi Usmani | September 4, 2011 in Bank, Installment, Interest, Q&A | Leave a comment

Question: The Fiqh Academy has also allowed installment sales. Does this mean that I can now buy a house in UK or USA on installments bearing in mind that each installment includes repayment of “principal” and “interest”?

Opinion on Islamic Banks and Fixed Deposits

by Shaykh Imran Hosein | September 4, 2011 in Bank, Financing, Fixed Deposit, Murabaha, Q&A | Leave a comment

Insert from lecture’THE MUSLIM YOUTH IN A GLAMOUROUS WORLD’ held on 16 August 2011 / 16 Ramadan 1432H as part of the Malaysia Lecture Tour.

Interest Received from Bank

by Mufti Muhammad Taqi Usmani | September 4, 2011 in Bank, Interest, Q&A | Leave a comment

Question: I have some interest credited to my account from my days of ignorance.  However, I intended to give away this interest money by the end of this year.  As you might know, BCCI has been closed in UK and … Continue reading