Undoubtedly, Islamic economics is undergoing a serious epistemological crisis as its literature is full of complexities and paradoxes. This chaos is more evident in the applications of Islamic economics as is obvious in he so-called Islamic finance today. Most of the modern literature of Islamic...

During wars and domestic disturbances, currencies value tend to fluctuate. This raises the inevitable question of how debts should be repaid; shall the depreciation in the currency value be taken into account so that the debtor shall be required to repay an excess to the debt to compensate the...

It is noticeable that some of the Ijtihad-based Shariah opinions governing Islamic banking and finance lack common sense and are void of any wisdom, despite the fact Islamic law of transactions is rationalized and meant to bring Maslaha and benefits to human beings. It is as if entering the...

During wars and domestic disturbances, currencies value tend to fluctuate. This raises the inevitable question of how debts should be repaid; shall the depreciation in the currency value be taken into account so that the debtor shall be required to repay an excess to the debt to compensate the...

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...

The study deals with an analysis of the total financial and economic status of women in Islam, regardless of their positions, such as being a wife, a mother or a daughter. The research highlights the position of women in Islam compared to their counterparts under some other statutes to highlight...

Islamic banks and financial institutions have started recently issuing Islamic credit cards as substitutes to the conventional credit cards, after the later were unanimously deemed unlawful by the Shariah scholars due to the Riba involved therein. However, the Islamic credit cards are not of the...

The research presents two fundamental issues that can be identified as the most important Shariah issues for shares. These two issues have not received due attention and revision by the Shariah scholars of our time. The first issue is the very permissibility of share trading in view of the...

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...

Debt creation is one of the most serious problems faced by modern economies. It occurs through financial institutions using the huge funds they have mostly from depositors to create debt through providing financing to clients. Then comes the issue of selling the debt resulting from the financial...