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Islamic Banking & Finance

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Shari’a Governance

Introduction The recent financial crisis that affected many countries has prompted a call for revision and review of current financial practices. Among the reforms called...

Islamic Finance: When Things Go Wrong

Introduction In order to put into context the disputes that arise out of Islamic finance transactions, it is necessary to first understand the rules...

Dispute Resolution

Introduction From a niche subset of conventional finance to a lucrative alternative, Islamic finance has grown remarkably over the last 30 years. Muslim and non-Muslim...

Profit Distribution in Common Mudaraba Pools

Introduction Islamic banks accept hundreds and thousands of deposits on a mudaraba basis and pool them together in a common pool for investment. Normally, these...

The Evolution of Shari’a-Compliant Indexes

Introduction The global market for Islamic financial services, as measured by Shari’a-compliant assets, was estimated to be USD1.1 trillion at the end of 2010 according...

Creating Tax-Efficient Shari’a-Compliant Solutions in Russia

Introduction A growing number of businesses in Russia are becoming more interested in using Shari’a-compliant financial instruments. In September, 2011 the Russian bank AK...

Islamic Banking and Finance in Turkey

Introduction Islamic banking is growing in Turkey. The industry is garnering both domestic and international interest, with Turkish citizens increasingly adopting Islamic banking services. However,...

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