The Reality of Islamic Finance

Category Archives: Credit Card

Riba Conference 2011

by Shaykh Imran Hosein | September 10, 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

Lecture  THE MUSLIM YOUTH IN A GLAMOUROUS WORLD held in Ramadan 1432H /August 2011 as part of the Malaysia Lecture Tour.

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

Home & Auto Financing

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

Question: 1. The bank would purchase the land or property from the vendor and sell it to the would be buyer on an installment basis. Each installment would act as an increasing participation by the tenant in the property until … Continue reading

Credit Card Annual Fee

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

Question: The scholars of Fiqh Academy have approved the use of credit cards as reported by Arab News.  As you know, banks charge a fixed annual fee for credit cards use.  Can I ask the bank to issue a credit … Continue reading

Use of Credit Cards

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

Question: Kindly throw some light on the use of credit cards, which are floating in the market.  Majority of these cards belong to professional banking institutions, such as American Express, City Gold Card etc.  However, some cards are issued by … Continue reading