Sukuk: A sukuk is an Islamic financial certificate, similar to a bond in Western finance, that complies with Sharia - Islamic religious law. Since the traditional Western interest-paying bond
Jenis-jenis riba dalam mazhab Syafie adalah seperti berikut: 1) Riba al-Fadl: Iaitu riba yang terjadi disebabkan berlaku jual beli yang tidak sama kuantitinya sedangkan kedua-duanya daripada jenis barang item yang sama.
Islamic life insurance, known as Takaful, represents a unique approach to providing financial protection while adhering to Islamic principles. In Islamic finance, traditional insurance models that
Types of sharia mortgage. The three types of halal mortgage alternatives are: Ijara; Diminishing Musharaka; Murabaha; Ijara. In an Ijara home purchase plan, you make monthly payments that are part rent and part capital to finance your final purchase. This means your ownership share of the property remains consistent throughout the length of the
Shariah itself is the code of conduct that guides the Islamic faith and life as prescribed in the Quran. It promotes maslaha, or a balanced way of living based on the concept of fairness, discouraging excess or injustice. Key Shariah principles in Islamic finance therefore include the prohibition of riba or interest; avoidance of gharar or uncertainties; abhorrence of debt; and abstention from
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types of riba in islam