It is important to pursue financial engineering in innovative ways, but also keeping in view the Ahkam and Maqasid of Shari’ah.
Consumerism and Credit Cards: Implications for Islamic Finance
Problems with Inflation Indexation of Loans
Time value of money is the problem for the investor to avoid keeping his/her money idle and to avoid forgoing the use of money that may bring positive value to his/her investment. However, it does not mean that the investor can demand an arbitrary increase as the cost of using money without taking the risk of a productive enterprise.
Financing Higher Education Privately in an Interest Free Way
Higher education has become a necessity in current times with the increased competition in labor market and increased demands on keeping up with changing skills set. Nevertheless, the cost of obtaining higher education has also increased a lot in recent times. This article proposes an alternate way for financing higher education without the element of interest.
Islamic Economics Project 