12 articles tagged Islamic finance GCC.
Mufti Taqi Usmani's fatwa asks whether a cryptocurrency token is maal, wealth. The deeper and older question, the one Islamic finance was actually built to ask, is whether money's own architecture, however it is built, honours or violates six roots that predate any single ruling.
Mr Ismail is right that Pakistan's Islamic banking has become a change of vocabulary more than a change of substance. The harder truth is that reforming the contracts is necessary but not sufficient, because the currency in which they are written is itself born of interest.
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.
How a Population-Weighted Monetary Genesis Aligns Naturally with the Moral Architecture of Islam
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.
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.
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.
Zakat is not merely a charitable act; it is a mandatory economic system ordained by Allah to purify wealth, protect human dignity, and maintain social balance. Yet across much of the Muslim world today, zakat is increasingly practised in fragmented, informal, and individualistic ways.
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?
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.
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.
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.