Articles from the author

Islamic Finance: A marriage of convenience

Islamic Finance: Zakat - a religious duty relating to one's wealth

Islamic Finance: Determination of Nisab and calculation of Zakat

Islamic Finance: Emergence of Sharia-compliant securities indices

It is absolutely essential in Murabaha that the physical or constructive possession of the commodity, along with its ownership, exists with the seller at the time of sale.

Istisna is another type of sale where a commodity or an asset is transacted before it comes into existence.

A colleague associated with trade finance of the bank asked whether Salam could be adopted by an Islamic bank as a vehicle for pre-shipment financing of the goods covered under an export letter of credit.

Islamic Finance: Essential elements for a 'wakala' to be complete and effective

Islamic Finance: Completing a contract under Sharia rules

Islamic Finance: Takaful concept based on mutual cooperation and support

Islamic Finance: Takaful - opportunities and challenges

Islamic Finance: Factors that make Ijara stand out in the mart