What is missing in islamic banking reform is not Shariah intent, but the design thinking needed to translate that intent into a lived experience ...

Forbes contributors publish independent expert analyses and insights. I cover real estate, economics and cost of living. Different Islamic scholars can have varying rulings on what is Sharia-compliant ...

Islamic finance is a financial system based on Islamic law principles, known as Shariah. As you probably already know, cryptocurrencies are blockchain-based tokens running on decentralized networks ...

Dubai Islamic Bank (DIB) created history in 1975 when it became the first modern commercial Islamic bank in the world. Since then the bank has led from the front, establishing itself as the undisputed ...

Islamic banking has been one of the financial industry’s great growth stories over the past few years. The Islamic (interest-free) model has encouraged innovation, both in terms of product offerings ...

The Islamic financial system is a unique financial system that is founded on Quranic injunctions that support cooperation, helping one another according to principles of goodness and piety-not to ...

When Islamic banking was first developed in the 1970s in the Persian Gulf states, its customers were almost exclusively observant Muslims who wanted a banking system that complied with their religious ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. The Federal Reserve took drastic measures in June to flatten the highest U.S. inflation rate ...

Islamic banking is getting off to a slow start in Kyrgyzstan. But the country’s first brokerage agency following Islamic practices is changing the way Kyrgyz citizens – pious and secular alike – think ...

Addressing these challenges is not merely a technical legal matter; it is essential for the credibility and growth of Islamic banking in Pakistan. Without proper legal infrastructure, Islamic banking ...

A Nigerian Islamic group has threatened that Muslims will go to war if there is opposition to the proposed Islamic banking concept, which it wants introduced in the country. Datti Ahmed of Nigerian ...

In this model of banking, the business is not left to bear the loss alone. The bank also bears the profit or loss with the customer. Islamic Banking The Islamic financial system is a unique financial ...