‘The Basics of Islamic Economics’ Archives
Takaful and the Principles of Shariah-compliant Financial Services
The term “Takaful” is derived from the Arabic word “Kafaala” meaning guaranteeing. Takaful means “guaranteeing each other" and refers to the concept of permissible Islamic insurance or “Halal” insurance. (more...)
Islamic Business Contract- a Detailed Study
Basic Shariah Principles or Fiqh-al-Muamalat of the Islamic Business Contracts Broad-based economic well-being, social and economic justice, and equitable distribution of income and wealth is the primary objective of Islamic economics. The intense commitment of Islam to brotherhood and justice makes the well-being or 'falah' of all human beings [...]