Is Conventional Mortgage Halal? کیا روایتی مارٹگیج حلال ہے؟
کیا روایتی مارٹگیج حلال ہے؟
Is Conventional Mortgage Halal
Conventional banks only provide loans no matter whether the loan amount is used for purchasing assets or not. As far as repayment of debt is considered in conventional finance lease or mortgage loans, the interest is due from the very first date of sanction of loan till the very last. If the asset remains unusable during the conventional finance lease, the instalments including interest and principal repayment will continue without any break. If interest amount is not paid on time, then interest has to be paid on accrued interest along with financial penalties. Compounded interest can multiply exponentially.
Highlights of IFSB Report 2023
The IFSB’s Islamic Financial Services Industry (IFSI) Stability Report 2023 presents an assessment of the key vulnerabilities, resilience, and future outlook of the global IFSI in general and in the IFSB member jurisdictions in particular across three key segments: Islamic banking, Islamic capital market and Takaful.
How Diverse are Shariah Supervisory Boards of Islamic Banks?
This study aims to examine diversity in the composition of Shariah supervisory boards (SSBs) of Islamic banks (IBs). It investigates diversity from two perspectives: existing composition of SSBs and the regulatory frameworks and standards of selected Organization of Islamic Cooperation countries. Diversity characteristics include education, nationality, gender and age.
Examining the Role of Microfinance: A Creating Shared Value Perspective
This study examines the role of microfinance from the business and social lenses by using the creating shared value (CSV) framework in the context of Indonesia.
Sukuk in Islamic Capital Markets
Sukuk is the plural of “Sak”, which means: “document or certificate”. During the period of Marwan Bin Huqam, the certificate issued to people to get rations from the Treasury were called “Sukuk”. But, the modern meaning of Sukuk is different. In contemporary Islamic finance terms, Sukuk means:
Paradox: Trade-off Between Shari’ah Compliance and Price Competitiveness
Shari’ah compliance in Islamic banking is necessary. However, achieving that requires certain additional operations and costs which may lead to Islamic banks incurring some additional costs which conventional banks simply avoid. This may make Islamic banks to become costlier than conventional banks and which will reflect in weak position in price competitiveness.
اسلامی مالیات میں وینچر کیپیٹل فنڈز کا استعمال
اسلامی اقتصادی نظام میں سرمائے کا کوئی مقررہ معاوضہ نہیں ہے۔ لہذا، پیداوار کے عمل سے پیدا ہونے والے حقیقی منافع میں سرمایہ کو اپنا حصہ مل سکتا ہے مگر جس کے لیے ضروری ہے کہ سرمایہ نفع نقصان میں شامل ہو۔ اس سے پیداواری سرگرمیوں مں سرمایہ کاری بڑھتی ہے اور سرمایہ کاری کے نفع بخش ہونے کے لیے صرف ایک فریق یعنی قرض دار ہی نہیں بلکہ تمام سرمایہ دار مل کر سرمایہ کاری کے نفع بخش ہونے کے لیے محنت اور جدوجہد کرتے ہیں۔ اس سے آمدنی کے ساتھ ساتھ دولت کی تقسیم پر بھی مثبت اثرات مرتب ہوسکتے ہیں۔
Financing Microenterprises with Islamic Social Finance Instruments
The aim of Islamic social finance is to support socio-economic empowerment, progress, and the development of society. Pooling resources from social finance instruments, like Zakat (alms giving), Waqf (endowments), Qardh al-hasan (interest free benevolent lending), Takaful, and Sadaqah (charity), can establish and lead to growth of lower-income micro-enterprises in the country.
Profit and Loss Sharing Two Tier Mudarabah
This paper mathematically analyzes the two-tier Mudarabah model in an exclusive Islamic financial environment and under dual banking system.
