Finance
The worship of letting go
You are always in a transaction; the question is what you are willing to give up, and what you are determined to protect.
Islamic mortgages: Shari’ah-based or Shari’ah-compliant?
Sheikh Haitham Al Haddad is a director of the Muslim Research and Development Foundation (MRDF). The MRDF, which was awarded charity status in 2007, and is a co-operative research based venture, run…
The Credit Crunch: An Islamic Perspective
Over the last few months, it has been widely accepted that the “credit crunch” is the biggest financial and economic crisis to hit the Western world since the Great Depression of the…
Usury: The Forgotten Terrorism
Taken from a forthcoming magazine 'If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time…
The Islamic Mortgage: Paradigm Shift or Trojan Horse?
All praise is due to Allah and may His peace and blessings be upon our Prophet Muhammad, his family and all his Companions. During recent years there has been an unprecedented expansion…
Islamic Ijara Mortgages by HSBC and Other Banks
Let me first brief the reader regarding the manner in which the scheme works. Under the ijara (rental) variety of Islamic mortgage, the bank purchases a property selected by the client, following…