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Understanding Islamic Banking

Understanding-Islamic-Banking

Islamic banking is established on the principles of Islamic beliefs as they link with business transactions. The basics of Islamic banking are stemmed from the Quran, the main holy text of Islam. In Islamic banking, all transactions must comply with shariah guidelines, the lawful code of Islam which is in view of the preachings of […]

Principles of Islamic Banking & Finance

Principles of Islamic Banking & Finance

Islamic banking typically referred to as Islamic finance or shariah-compliant finance which is a kind of finance or banking practice that sticks to shariah rules (Islamic law). Two key elements of Islamic banking are the sharing of profit and loss, and the disallowance of the kinds and payment of interest by banks, financial institutions, and […]

Benefits of Islamic Finance

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Throughout the long term, Islamic finance has developed at a quick pace comprehensively and is currently a market worth more than $3.5 trillion. It largely operates in Muslim nations and offers a profitable career there. Now, it has started to expand to the Western world as well to attract investments from the Gulf region or […]

6 Major Modes Of Islamic Banking & Finance

There are many modes of Islamic banking and finance. However, in this blog, we’ve discussed the most-used modes of Islamic banking and financing. These are: MUDARABAH It is a type of partnership where one party has the right to invest in the business i.e; Rabbul-maal and the other has the right to manage it i.e; […]

Understanding How Takaful Works

Understanding How Takaful Works In this blog, we have discussed Takaful operations and the kinds of funds required for it. Give it a read. Process of Takaful All policyholders consent to promise one another and, rather than paying premiums, they make contributions to a common pool or a mutual fund to alleviate the financial liabilities […]

Scope of Islamic Banking and Finance

Scope of Islamic Banking and Finance Today, Islamic Banking and Financing is one of the world’s fastest-growing economic sectors which has become the talk of the financial world over the last two decades. Since this diverse sector has many opportunities and very little competition right now in the industry as it’s true potential hasn’t been […]

Benefits of Islamic Banking and Finance

Benefits of Islamic Banking and Finance In this blog, we have talked about the importance and benefits of working in Islamic banking and finance. Give it a read: Importance of Islamic Banking and Finance Today, Islamic banking and finance are one of the thriving financial sectors of the world. Islamic banking and finance are globally […]

Why Takaful is Better Than Conventional Insurance

Why Takaful is Better Than Conventional Insurance The thought and practice of Takaful aren’t new as it was worked on during the life of the Prophet Muhammad (PBUH). Because of the perplexing idea of business activities and advancing human needs, Takaful is currently completely popularized and is a significant piece of financial business sectors. Since […]

Understanding Accountants And The Way They Work

Understanding Accountants And The Way They Work Accounts and finance is a field that not everyone can work in. it is a field that requires love for numbers, dedication, and a lot of studying. Accountants spend years and years learning new things and perfecting their skills before becoming a seasoned accountant. Accountants and bankers are […]

Qualities Of A Good Accountant

Qualities Of A Good Accountant Accountancy is not a profession for everyone, it needs skill, persistence, and the proper knowledge regarding the market. Being an accountant is something most people don’t aspire to be when they’re growing up but what people fail to see is the fact that accountancy is a profession that allows you […]