Islamic Finance

Hawala, or The Bank That Never Was

I. OVERVIEW In the wake of the September 11 terrorist attacks on the USA, attention was drawn to the age-old, secretive, and globe-spanning banking system developed in Asia and known as “Hawala” (to change, in Arabic). It is based on a short term, discountable, negotiable, promissory note (or bill of exchange) called “Hundi”. While not limited to Moslems, it has come to be identified with “Islamic Banking”. Islamic Law (Sharia’a) regulates commerce and f Read more

[WATCH]: Part 2-Islamic Finance with Dr Dar, Sammy Hegab and Tamkin Riaz

Exclusive show on I mean business – IQRA TV – SKY 826 – Part 2 Don’t forget to register on umicom.com simply click on www.umicom.com Main Benefit 1. Earn Free shares in Umi Plc with revenue split upto 50% of advertising income on Umicom.com 2. Connect with like minded business owners and individuals wanting to make a significant difference in the world Read more

Pursue Your Higher Studies – Take Advantage of Fulbright Scholarships

Scholarships help many of the students to meet their learning expenses. One of such a scholarship is the Fulbright scholarship. The US government has decided to introduce such a scholarship for the international students to enhance the relationship between the United States and other countries. The scholarship has been awarded to 300,000 candidates already and is given to those who excel in their leadership and public activities. The introduction of the Fulbright scholarship was in 1946 and was Read more

[WATCH]: Islamic Finance – Dr Haitham Al-Haddad – Part 3/9

This session from the Islamic Finance Seminar held at Masjid Ansar (www.masjidansar.com) was delivered covering the philosphy of islamic finance and the specifics of Riba. The seminar featured Abu Talha, Sh Haitham Al-Haddad & Tareq El-Diwany Shaykh Haitham al-Haddad was born in Saudi Arabia and studied for 12 years with various scholars in Saudi Arabia including Shaykh Abdul Aziz bin Baz and Shaykh Abdullah bin Jibreen. He has an ijaza from Shaykh Abdullah bin Aqeel including Islamic ju Read more

Introduction to Islamic Banking and Finance

Introduction to Islamic Banking and Finance List Price: $45.00 List Price: $45.00 Your Price: $28.92- Introduction to Islamic Banking and Finance is a complete guide to the key characteristics of Islamic banking and finance, and how they differ from their Western counterparts.  Brian Kettell’s book looks at all aspects of Islamic banking, including Your Price: $28.92 – Read more

[WATCH]: The Current Financial Crisis: The Islamic Perspective 8/8

Zaharuddin Abd. Rahman – Malaysian BA (Hons) Usuluddin, University Of Malaya, Malaysia MA (Hons) Fiqh & Usul Fiqh (Specialized in Islamic Commercial Transaction), Al-Yarmouk, Jordan PhD, Syariah & Islamic Finance, Univ of Wales, United Kingdom ( Candidate) Experiences Senior Manager, Shariah Compliance Department, Product Development Division, RHB ISLAMIC Bank Ltd Shariah Consultant, INGRESS Corporation Ltd Academic Fellow, Center of Islamic For Modernity and Civil Society (CE Read more