A careful analysis of the Shariah-legal framework for Islamic endowments (awqaf) across the globe reveals that the Shariah law as well as the national laws of awqaf are rooted in several considerations. Preservation of the endowed assets seems to be the overriding consideration, which has been...

The number of players in the Islamic funds industry has already crossed three-digit mark with a variety of funds appearing on the scene, such as, equity funds, lease or ijara funds, real estate funds, commodity funds and the like. Of these, equity funds seem to have caught the fancy of the...