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Salam is a cash sales agreement where the seller promises to provide the buyer with an agreed product at a future date in exchange for an […]

  Both traditional and Islamic banks have to deal with short term cash issues. They either have too much cash which needs to be invested to […]

Murabaha is an instrument where the bank acquires a product upon request from the customer and sells it at an agreed upon profit. This is an […]

Mudarabah and Musharakah are the preferred methods of interest-free financing. However, they are not well suited for modern day acquisition of property and other tangible assets. […]

Qard is any kind of loan given by one party to the other and which is due back to the lender within an agreed upon contract. […]

Indexation is a part of financial contract where the amount due is adjusted for the change in value of currency based on a defined index. In […]

The Arabic Qard and Dayn usually translate to “loan” and “debt” in English, however, these terms are also used interchangeably. The Islamic banks follow the Shari’ah […]

The need for cash for personal use is a genuine necessity of modern living and Islamic banks have developed innovative ways to provide such cash. Bai […]

Islamic Shari’ah is a rational and just code which is flexible enough to be interpreted according to needs of the time. It promotes trading as long […]