Interest: legal consequences and penal aspects in Sharia

Image courtesy of: technobraingroup.com By Ismail Y. Syed* Twitter @IsmailYSyed A PDF version is available here As Sharia law deals with what is lawful and unlawful or permitted and prohibited acts pertaining to all the major aspects of life - and that includes commercial law covering businesses and private transactions, riba (interest)[1] has been one of the …

Islamic Finance and Aviation: Shariah Compliance Risks and Complexities

Featured image on front cover: A promotional shot of the A330-300 displaying Saudia's livery (Photo courtesy of Airbus); courtesy of english.alarabiya.net Editor's note: This piece was published back in early 2016 and therefore may have been superseded by later events or some contents may need further updates/and or correction. By Ismail Y. Syed Twitter @IsmailYSyed This piece is originally …

Trade in Islamic Economy: Where Profit is not “Interest Rephrased” | Ismail Syed

By Ismail Syed Twitter @IsmailYSyed Ismail Syed, is Sharia Scholar specialising in Islamic (Hadith & Fiqh) and Middle Eastern Studies at various institutions; he is also a Sharia compliance professional for financial institutions.  PDF Download (Opens another page) "Islamic Finance or more broadly Islamic Economy permits profits from exchangeable goods bearing trade as opposed to interest …

Resources for Islamic Finance

An Introduction to Islamic Finance By Muhammad Taqi Usmani Introdcution to Islamic Finance, briefing note by Clifford Chance (an international law firm) - Click to download / view (opens another page)