Research Paper: Retail Forex Trading: Views from the front lines of Islamic Finance
Foreign exchange trading has been one of the fastest-growing activities among private investors in the past 15 years. According to research by Citi in 2014,...
Research Paper: Shariah Analysis of Contingent Convertible Bonds (CoCo)
Coco bonds are different to regular convertible bonds in that the likelihood of the bonds converting to equity is “contingent” on a specified event. They...
Research Paper: Decoding Compliance of Initial Coin Offerings
Initial Coin Offerings are an innovative way to raise funds by issuing tokens through blockchain technology. The issued tokens can vary widely in their design...
Research Paper: The Shariah Factor in Cryptocurrencies and Tokens
Cryptocurrencies have become a buzzword across the world. The potential financial returns from cryptocurrencies have attracted Muslim investors, whilst the opportunity to raise funds by...
Is Retail Forex Trading Shariah Compliant?
Question: Is Retail Forex Trading Shariah Compliant? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: Retail...
Zakat on share investments: determining a proxy for calculation
At the National Zakat Foundation, in collaboration with scholars, financial analysts, accountants and others, we spent almost 5 months analysing the FTSE 100 to determine...
Research paper: Zakat on Cryptocurrencies
Summary Any cryptocurrency or token purchased to resell will always be Zakatable. Zakat is due on the market value on one’s Zakat anniversary. The cryptocurrency...
A Shariah Analysis of Ownership and The Concept of Trusts
This short treatise analyses the concept of ownership in Shariah and considers the concept of a trust under Shariah. Ownership is described as a relationship...
Is there a Zakat levy on one’s Bitcoin holdings?
Question: Is there a Zakat levy on one’s Bitcoin holdings? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh....
Shariah Interpretations of Bitcoin
This is an overview and my personal conclusion to an ongoing research in respect to Bitcoin. References and detailed analysis can be viewed in...
Is Qurbani necessary for a young teenager with a Child Trust Fund but no other funds?
Question: Is Qurbani necessary for a young teenager with a Child Trust Fund but no other funds? In the Name of Allah, the Most Gracious,...
Is Zakat due on the packaging used in sales?
Question: I have a food catering business. Is Zakat due on the packaging used? For example, food containers, carrier bags etc? In the Name of...
