Insights

The 70% Solution

I am often asked whether Islamic Banking is truly Halal. And if it is, then why does one hear every now and then that a particular structure has been reviewed and found to be lacking, and then discont...
Nizar Alshubaily | August 25, 2017

How Islamic is Islamic Finance Industry?

How Islamic is Islamic Finance Industry?
The entrepreneurial nature of Islamic finance is often compromised in the product development phase, where Islamic financial products have been frequently designed to look and feel like conventional...
Almir Colan | August 03, 2017

Thomas Jefferson’s “Life, Liberty, and the Pursuit of Happiness” based on the Maqasid al Sharia (Goals of Sharia).

Thomas Jefferson’s “Life, Liberty, and the Pursuit of Happiness” based on the Maqasid al Sharia (Goals of Sharia).
As I have begun working on the creation of a Central Islamic Finance Council for the United States Islamic finance industry, some of my professional colleagues have been critical, sending me messages...
Obeid Ruff | July 20, 2017

Islamic Finance Swimming Against the Tide

Can we consider the word "bank" a suitable name and therefore model before considering its application into Islamic finance? A little bit of a philosophical and historical question. The deficiencies...
RAGHIBI Abdessamad | June 05, 2017

Shariah-Compliant Instruments of Microfinance

Shariah-Compliant Instruments of Microfinance
  Prohibition of riba, gharar, jahl, darar and other constraining norms in Islamic finance does not constitute an obstacle in building sound microfinance products. On the contrary, the need fo...
Tariqullah Khan | June 30, 2017

Will the Circle be Unbroken?

Will the Circle be Unbroken?
Once again, I would like to thank you all for returning to this page. Your continuing feedback is a great blessing and is much appreciated. As many of you will have heard, I shall be retiring from...
Daud Vicary | June 22, 2017

Is CSR an Outsider to IFIs?

Is CSR an Outsider to IFIs?
The new trend in corporate self-branding is currently social & environmental responsibility as the pressure of civil communities and international NGOs push them to engage more funds to compensa...
RAGHIBI Abdessamad | May 21, 2017

Promoting the Values of Islamic Finance - Work to Do

Promoting the Values of Islamic Finance - Work to Do
Once again, I would like to thank you all for returning to this page. Your continuing feedback and engagement from each article I have written over the last year or so remains a great inspiration to...
Daud Vicary | June 03, 2017

Strengthening Legal, Information and Governance Infrastructure for Islamic Finance

Strengthening Legal, Information and Governance Infrastructure for Islamic Finance
A strengthening of legal, information and governance infrastructure for Islamic finance at the national level is part of the broader strategy needed to develop efficient and liquid money and capit...
Tariqullah Khan | May 14, 2017

Sukuk-Waqf as an efficient model for PPP in Muslim countries

The need for growing infrastructure project is a crucial component of the growth equation for any country. However, states cannot afford taking big investment project alone anymore due to budget const...
RAGHIBI Abdessamad | April 21, 2017