Interest is a key part of everyday finance. But it is haram under Sharia law, which means it is prohibited for interest to be paid between borrowers and lenders. This includes loans andmortgages, as well as financial vehicles that build interest to generate a return.2 Investing in convention...
The world around us is also in a constant shift. Since the time of the original tale of the Good Samaritan, laws have become a critical deciding factor in the actions of people. Generally speaking, we always think before committing to an act, for the iron grip the law holds over us can...
People who have warned about the rise of Sharia Law and the woes of diversity for years are being proven correct, and the proof is evident throughout the streets of America. The multicultural utopia that liberals predicted open immigration would cause was a falsehood, as strife overruns the nat...
8Sharia and national law inIran1Ziba Mir-Hosseini2AbstractIn the nineteenth century, the last of a series of tribal dynastiesruled Iran, and the Shia religious establishment had a monopolyof law, which was based on their interpretations of sharia. Thetwentieth century opened with the first of ...
Sukuk valuation is based on the value of the assets backing them while a bond's price is largely determined by its credit rating. Sukuk Example: Trust Certificates The most common type of a sukuk comes in the form of atrust certificate. These certificates are also governed by Western law, ...
a Board of Zamzam Capital decided to determine our Halal List of shares for the Indian stock market as per the Shari’a screening criteria as prescribed by Mufti Muhammad Taqi Usmani (DB), who is considered to be the key global authority in Islamic Banking & Finance and one of the ...
globally, regardless of ethnic or cultural differences. Comparatively, the Five Pillars are similar to theLaw of Mosesin Judaism. The Islamic faith is rooted in simplicity, with oneGod (Allah)who asks five things of his people. These duties are carried out through the Five Pillars of Islam. ...
3Sharia and national law inMoroccoLéon Buskens1AbstractIslamic law has taken a drastically different place in the legal sys-tem of Morocco in the course of the twentieth century. The pro-tectorate rule of France and Spain, between 1912 and 1956, was aturning point. Until then, Islamic law...