Category Archives: Islamic Finance

Mudarabah and the Debt Dilemma

Debt appears to be at the root of every financial/banking crises. In a now famous [...]

Value and Profit

The business of Islamic Finance is all about value driven profit.  Value is defined and [...]

Usury, Profit and Time Value of Money (TVM)

Bearing in mind that interest-rate benchmarking is not prohibited in Islamic finance, it is timely [...]

Is interest-rate benchmarking good enough?

At the recent industry talk at INCEIF on Sukuk, a student asked the speaker Prof. Datuk Rifaat [...]

Credit-Risk Sharing in Islamic Banking

Risk-sharing is a well-known principle in Islamic finance, which predominantly deals with equity-based transactions, namely mudaraba and musharaka.  [...]

Identifying and mitigating business risk in IF

The Quranic prohibition of riba has positioned al-bay (ie trade and commerce) as the alternative to the [...]

HK’s historic US$1 billion sovereign sukuk issuance

Hong Kong made history recently as far as Islamic finance was concerned. The Hong Kong [...]