This paper discusses the issue of financing of and investing in businesses that involve some unlawful activities, such as financing the purchase, lease or construction of real estate properties that serve liquor or have bars and casinos, or such as investing in the stocks of companies that...

Islamic law covers all aspects of human dealings, including Islamic financial law and its Shariah nominated contracts, which represent the bases for all Islamic banking and finance transactions. These contracts are either readily found in the classic books of Islamic law or modified versions...

Undoubtedly, the emergence of cryptocurrencies has imposed upon Shariah scholars the challenge of addressing related Shariah issues and providing Muslims with clear answers as to whether or not they can deal with, or invest in, these currencies. The challenge, however, is in demystifying these...

Conventional (commercial) insurance involves an intolerable magnitude of gharar (uncertainty), and hence its prohibition in Shariah. In order to Islamize insurance, it needs to be reconstructed on different basis so that the inherent uncertainty associated with the concept of insurance will not...

Sukuk is an Islamic financial product that is meant to carry the same privileges of Bonds yet in a Shariah compliant manner. Sukuk enable their issuers to raise the desired financing and their holders to invest their money, with ease in liquidating their investments at any time by selling the...

This paper examines the sale contract commonly known as einah sale (buy-back sale). It refers to the purchase of something for the mere purpose of reselling it immediately to its original seller. The objective of this sale is to obtain cash in an apparently legal way and not the real acquisition...

Arabic Abstract: تقدم هذه الورقة حجتين رئيسيتين، الأولى هي أنه لا يزال انعدام الجنسية يؤثّر على كُرد سوريا حيث أن قسماً من عديمي الجنسية قبل 2011 لم يتحصّلوا على الجنسية...

There is increasing pressure on business organisations to behave ethically, in addition to running their operations in the most economical, efficient and effective manner possible to increase performance. This article aims at evaluating the aspects of business ethics, significance of business...

Main papers on Zakat are focused on Shariah explanation to prove its important role to resolve social and economic problems of Islamic society. This paper aims to model the Zakat system to determine the volume and the effects of Zakat funds. We expect that this is the first empirical paper,...