Sacrifice or Kurban in Bahasa Melayu has many intrinsic meanings. Let’s look at it from these different perspectives: Kurban as a religious ritual which is the act of sacrifice worship […]

There are two words of wisdom that I would like to quote, firstly from Henry Ford: “Business must be run at a profit, else it will die. But when anyone […]

The loan moratorium, as announced in MCO 1.0, had technical problems, confusing eligibility criteria and left out key details such as whether interest would be charged during the moratorium period […]

Abstract Many Muslim individual and institutional investors seek to invest only in stocks that are compliant with the Shari’ah (i.e. Islamic law). Among others, Dow Jones addressed this demand and […]

Abstract The Malaysian finance industry is governed by Bank Negara Malaysia (BNM) and Securities Commission Malaysia (SC). BNM governs the banking and insurance industries and the SC regulates and develops […]

Abstract The spotlight of this study is to examine whether environmental, social, and governance performance affects the financial performance of microfinance institutions (MFIs). The topic has been of much interest […]

Abstract Islamic finance has gained momentum in the world today. Irrespective of faith conviction, it has been accepted as a mode of financing in the world. The development of Islamic […]

Abstract The purpose of this paper is to find out the existing practices of the Islamic banks in providing financing to the customers who have a requirement to purchase a […]

Think Piece By Prof. Dr. Obiyathulla Ismath Bacha The acceptability of financial derivative instruments like forwards, futures, options and swaps for shariah-compliant businesses remains unresolved. As of now, there appears […]

Think Piece By Prof. Dr. Obiyathulla Ismath Bacha We have already discussed how governments could fund revenue generating infrastructure projects using Mudarabah/Musharakah type sukuk. These were risk-sharing instruments that enabled […]