Category

Islamic Finance

Articles on riba, Shariah compliance, Islamic economics, halal finance, and the moral architecture of money in the Islamic tradition.

Islamic Finance · 40 min

Gharar and Maysir: A Root-Level Linguistic and Juridical Investigation

A companion study extending the methodology of 'From Gold to Paper' to the two remaining pillars of Islamic commercial prohibition: excessive uncertainty and gambling. From the Arabic root, through every Quranic occurrence, through the Prophetic narrations, to diagnostic characteristics for modern financial instruments.

M Azim Abdul Majeed · 2026-05-18
Islamic Finance · 16 min

First Principles, Not Compliance

How a Population-Weighted Monetary Genesis Aligns Naturally with the Moral Architecture of Islam

M Azim Abdul Majeed · 2026-04-29
Islamic Finance · 5 min

Introducing Mizan: An Islamic Finance Diagnostic Built on First Principles

A free, open diagnostic tool that evaluates any financial arrangement against Riba, Qard, Dayn, and Bay'. Not a Fatwa. Not a compliance checklist. A set of questions derived from primary sources.

M Azim Abdul Majeed · 2026-04-06
Islamic Finance · 4 min

From Gold to Paper: Riba, Fiat Currency, and the Question Nobody Wants to Ask

A root-level linguistic and juridical investigation into the prohibition of Riba in Islam, the nature of Qard, Dayn, and Bay', and whether fiat currency even qualifies as a Ribawi medium. 119 pages. Primary sources only.

M Azim Abdul Majeed · 2026-04-01
Islamic Finance · 23 min

The Authenticity Crisis in Islamic Finance

A critical examination of risk-sharing, profit calculation, and the 'debt merchant' paradox in modern Islamic Financial Institutions. A Socratic inquiry into the gap between Shariah theory and banking practice.

M Azim Abdul Majeed · 2026-02-01
Islamic Finance · 7 min

Islamic Finance: Have We Avoided a Sin Only to Commit a Greater One?

In our meticulous effort to avoid the sin of Riba, have we inadvertently created a system that commits a greater one, the sin of abandoning the Ummah? In our focus on the letter of Shari'ah, have we forsaken its very spirit?

M Azim Abdul Majeed · 2026-01-02
Islamic Finance · 4 min

The Soul of the System, Part II: The Fiqh of Money vs. The Fiqh of Assets

What is tokenomics, and why does it matter for Shariah compliance? When the 'token' is not an asset to be traded but the money itself, we must apply a different, more rigorous set of principles.

M Azim Abdul Majeed · 2025-09-13
Islamic Finance · 5 min

The Soul of the System, Part I: Why True Shariah Compliance is Architected, Not Applied

A vital conversation is maturing in the digital asset space. Understanding a token's economic design is the absolute foundation of its Shariah compliance. If the economics are flawed, no legal wrapper can fix a design that is fundamentally misaligned with Islamic principles.

M Azim Abdul Majeed · 2025-09-12
Islamic Finance · 4 min

Rethinking Riba in the Age of Fiat: A Critical Inquiry for the Contemporary Ummah

Can one truly avoid riba in a system where the currency itself is born from it? This paper challenges prevailing assumptions about applying classical Islamic rulings on riba to modern fiat currencies.

M Azim Abdul Majeed · 2025-07-10