Category Archives: Islamic Finance

Islamic Finance Practices: Danger Of Convergence

The drive for Shariah compliance in the Islamic banking business may have brought it towards [...]

Funding Development Without Debt

Growth and development cannot happen without adequate infrastructure. Yet,  with inadequate domestic savings and capital [...]

Lacuna in Islamic Finance (Part 2)

Continued from Part 1 While the present IF education may have a long way to [...]

Lacuna in Islamic Finance (Part 1)

The Islamic Finance (IF) industry has emerged to be an integral part of the global [...]

The Way Forward for Islamic Finance Research

The fast-growing Islamic finance amidst the global financial uncertainties has captivated much interest especially as [...]

Mudarabah and the Debt Dilemma

Debt appears to be at the root of every financial/banking crises. In a now famous [...]

Value and Profit

The business of Islamic Finance is all about value driven profit.  Value is defined and [...]

Usury, Profit and Time Value of Money (TVM)

Bearing in mind that interest-rate benchmarking is not prohibited in Islamic finance, it is timely [...]

Is interest-rate benchmarking good enough?

At the recent industry talk at INCEIF on Sukuk, a student asked the speaker Prof. Datuk Rifaat [...]

Credit-Risk Sharing in Islamic Banking

Risk-sharing is a well-known principle in Islamic finance, which predominantly deals with equity-based transactions, namely mudaraba and musharaka.  [...]