Discussion about Ijarah (Leasing)

Discussion about Ijarah (Leasing)

Discussion about Ijarah (Leasing)   Ijarah (Leasing) Ijarah is a term of Islamic fiqh. Lexically, it means “to give something on rent”. In the Islamic jurisprudence, the term “Ijarah” is used for two different situations.  1) In the first place, it means “to employ the services of a person on […]

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Shariah Compliance_ Irregularities Detected While Inspecting Branch and Remedial Measure

Shariah Compliance: Irregularities Detected While Inspecting Branch and Remedial Measure

Shariah Compliance: Irregularities Detected While Inspecting Branch and Remedial Measure   ِكُلٍّ جَعَلْنَا مِنكُمْ شِرْعَةً وَمِنْهَاجًا To each of you We prescribed a law and a method.                                                             [5. Sura Mayeedah : 48] SHARIAH & IT`S OBJECTIVES شريعة is an Arabic word : It means The way, Road Path, Destination […]

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Zakat- meaning

Zakat- meaning, principles,basis, categories,inflation,advantages and influence

Zakat- meaning, principles,basis, categories,inflation,advantages and influence (a) Its Meaning for Modern Man The word “Zakät” means “that which purifies” and “that which fosters”. All original sources of wealth—the sun, the moon, the stars, the earth, the clouds that bring rain, the winds that drive the clouds and carry the  pollen, […]

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The Hidden Agenda of 'Interest' Versus 'Profit'

The Hidden Agenda Of ‘Interest’ Versus ‘Profit’

The Hidden Agenda of ‘Interest’ Versus ‘Profit’ Importance of Bank The Hidden Agenda Of ‘Interest’ Versus ‘Profit’ Banks are an essential component of the present day world-individuals as well as public and private institutions can hardly operate without the institution of banking. Commercial banking as we find it today had […]

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Islamic Economics- A Comparative Review Meaning, Nature and Scope of Islamic Economics,The Origin of Islamic Economics

Islamic Economics- A Comparative Review

Islamic Economics- A Comparative Review Islamic Economics- A Comparative Review Meaning, Nature and Scope of Islamic Economics The Origin of Islamic Economics ” And when the Prayer Is finished, then may ye Disperse through the land, And seek of the Bounty of Allah. Al-Qur’än, Sürah LXII. 10 “No one eats […]

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Fiscal Policy in Islam

Fiscal Policy in Islam

Fiscal Policy in Islam Fiscal Policy in Islam Fiscal policy refers to the way in which the government exerts influence on the economy through its overall budgetary decisions. Budgetary actions that raise the growth of government expenditures, reduce the growth of reveneues and either increase the deficit or reduce the […]

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What is Islamic Bond Sukuk_

What is Islamic Bond Sukuk?

What is Islamic Bond Sukuk? What is Islamic Bond Sukuk? SUKUK (Islamic Bond) may be the alternative channeling of funds for industrialization of Bangladesh Contributor: Dr. Mohammed Shahid Ullah There is a growing demand for shariah compliant instruments in the Islamic countries as well as the rest of the world as […]

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Baimuazzal (Export)-Export Financing by Islami Bank

Baimuazzal (Export)-Export Financing by Islami Bank Baimuazzal (Export)-Export Financing by Islami Bank: It is a contract in which a client wishing to purchase raw materials, finished goods, commodities, spares, machinery, equipments or any other goods for request of the bank to procure the items and sell them to him at […]

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Foreign Exchange Operation Export Financing by Islami Bank

Foreign Exchange Operation Export Financing by Islami Bank Exporter means any person lawfully exporting goods from Bangladesh to any other country. After shipment, the exporter has to tender the document to the bank within the stipulated period for the negotiation of the documents are drawn under a Letter of Credit. […]

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Monetary Policy in an Islamic Framework

Monetary Policy in an Islamic Framework For compulsory transfer payments as well as optional charities, from the relatively better-off people in the economy to the relatively worse-off population. This is done through the institutions of Zakah, Fitrah etc. In addition, optional payments are so encouraged and emphasized that even if […]

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