The term "Islamic Investment Fund" means a joint pool wherein the investors contribute their surplus money for the purpose of its investment to earn halal profits in strict conformity with the precepts of Islamic Shari'ah. Suppose there are investors who have with them surplus liquidity, but these investors do not have the skill and the ability to conduct business, so they would like to invest their surplus with somebody…
Technically Murabaha is Purchase and resale at Profit . It is selling something at more than its cost price. Murabaha means that the seller provides the prospective buyer with details of their costs and the amount of mark-up, or profit, that the seller will make. One of the requirements for using this technique is that the details provided must be accurate and honest. For example: The financier (suppose yourself…
Book on Islamic Finance: In my view, the first book you must read when you want to understand the Islamic finance is an Introduction to Islamic Finance by Mufti Taqi Usmani Also read : What is Riba and types of Riba An Introduction to Islamic Finance(amazon) Book on Islamic Finance by Mufti Taqi Usmani(pdf) This book is recommended in Darul uloom and it is a clear explanation of different…
10 Best Books on Islamic banking and Islamic finance(Review) The benefits and wisdom of Islam and in particular Islamic economics is not just for Muslims, but for all mankind.Muslims often try to explain that Islam is more than a religion. They contend that Islam is actually a way of life, with the Quran and the life traditions of the Prophet Muhammad (peace be upon him) providing a blueprint for…
The term khiyar refers to the option or right of the buyer & seller to rescind a contract of sale. Literally, the word khiyar denotes a choice on the part of the holder of the right of option, who may either conirm the act or render it void. Legally, khiyar means the option or right of withdrawal for the parties involved to terminate the legal act unilaterally.. Khiyar Majlis:…
10 Best Books on Islamic banking and Islamic finance(Review) The benefits and wisdoms of Islam and in particular Islamic economics is not just for Muslims, but for all mankind.Muslims often try to explain that Islam is more than a religion. They contend that Islam is actually a ‘way of life,’ with the Quran and the life traditions of the Prophet Muhammad (peace be upon him) providing a blueprint for…
