Understand what is Ijarah, how it works and the application of this Islamic lease-based contract in Islamic Finance.
Latest News, Opinion and Technical Articles for Finance.
An Overview of Mudharabah and Musyarakah Contracts
Overview on the Islamic profit sharing contracts – Mudharabah and Musyarakah in Islamic Finance products.
An Overview of FAS 38: Accounting for Wa’ad, Khiyar and Tahawwut
Explanation of financial accounting requirements for Wa’ad, Khiyar and Tahawwut transactions under AAOIFI FAS 38.
An Overview of Islamic Contract: Murabahah
Murabahah is a common sale-based contract used in Islamic financial transactions.
Financial Reporting for Waqf Institutions: What’s there?
In this article, we bring you the summary of key financial reporting requirements for Waqf institutions under the newly released AAOIFI FAS 37.
Bank Negara Malaysia releases the Revised Reference Rate Framework
Bank Negara Malaysia has released a revised Reference Rate Framework, which will be effective from 1 August 2022 onwards.
The importance of Shariah Screening in Islamic Finance
The article shares what is Shariah screening, the methodology and the benchmarks used to screen companies whether they are as Shariah-compliant.
SC Malaysia releases Shariah Screening Assessment Toolkit for the Unlisted MSMEs
SC Malaysia in its ongoing efforts to enhance the ecosystem has released Shariah Screening Assessment Toolkit, it has total of 6 questions.
Islamic Finance: Zakat in Malaysia
Zakat or alms-giving is one of the obligatory acts or religious duty upon Muslims. The obligation for zakat for Muslims is commanded by Allah in many verses in the Al-Quran. Al-Quran is one of the primary sources in Islamic law as explained in our earlier article, The primary source of Islamic law. One of the […]
The secondary source of Islamic laws
Follow this article to understand the secondary sources of Islamic laws. These sources are important to address many contemporary issues in Islamic Finance.