There is no discourse in our communities about Islamic personal finance. None. When we discuss Islamic finance at conferences, classes, dinner parties, and gatherings with friends, it's always the same. Which company did you use to buy your house? Is buying a car on 0% halal or not? The problem with ... Read More »
Part 3 of a three part series in which Dr Shaykh al Muhaddith Mohammad Akram Nadwi provides a general framework for discussing Islamic finance. Read More »
Part two of a three-part series in which Dr Shaykh al Muhaddith Mohammad Akram Nadwi provides a general framework for discussing Islamic finance. Read More »
Part 1 of a three-part series in which Dr Shaykh al Muhaddith Mohammad Akram Nadwi provides a general framework for discussing Islamic finance. Read More »
The latest fatwa spreading like wildfire across the internet deals with a volatile topic - Islamic finance. More specifically, halal mortgages. Even more specifically - a scholar whose signature is used as public proof of endorsement by certain Islamic finance companies has come out and said that he has given no such endorsements. Read More »
It is America's shame that poverty and racism continues to this day. It is Muslims' double shame that they have even more massive inequalities and racism (to the degree of quasi-slavery in some Muslim countries) despite having a religion that orders the opposite. Read More »
Part 1 | Part 2 | Part 3 | Part 4 | Part 4 | Part 5 | Part6 | Part 7 | Part 8| Part 9| Part 10| Part 11 Exclusively from adabeo.com Read More »
Finding a Muslim speaking or acting normally on a mainstream broadcast is a rare feat; but the upshot of winning at "Muslim Mainstream Bingo" can be quite rewarding. Read More »
The Islamic finance industry has often battled with the question: How Islamic is Islamic banking? The question's pertinence was raised by Sheikh Muhammad Taqi Usmani who said that 85% of Sukuk, or Islamic bonds, were un-Islamic. Read More »
For Muslims, this is an intriguing conclusion. Banks, the source of so much riba, would be really quite useless if the tax rules for dividends and interest were either uniform (i.e. tax deductibility on both) or if there were no tax (like in an Islamic state). So, if perfect market symmetry existed, say in Dubai (where there is no tax), theoretically debt would add no value. Had we had no debt, wouldn't we have been so much better financially in the world these days?? Read More »
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