Research & Essays Archives

Research Paper: Shariah Review of Hedge Funds

Hedging involves reducing overall risk by taking on an asset position that offsets an existing source of risk. Its strategies encompass a broad range of risk tolerance and investments, such…

Research Paper – Measuring Shariah Compliance in Senior & Subordinated Bonds

Bond investments are common, conventional fixed income instruments. The issuer promises to make regular interest payments to the investor until a specified date (the maturity date). Once the bond matures,…

Research Paper: Shariah Analysis of Options Trading

This research has attempted to present an overview of options and how it operates in the conventional markets as well as a Shariah analysis. Options are derivatives used for multiple…

Research Paper: Credit Default Swaps: Navigating the cross-section with risk sharing

The market for credit default swaps (CDS) has experienced explosive growth in the past. By the end of 2007, the outstanding amount was $62.2 trillion, falling to $38.6 trillion by…

Research Paper: Solving the Dynamics of Shariah in ETFs & ETNs

Exchange-traded funds (ETFs) were launched in the early 1990s, combining the features of mutual funds and shares. In their 25-year history, ETFs have become one of the fastest-growing segments of the…

Research & Essays

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 carry a distinct accounting advantage…

Research & Essays

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 and function. Some of the…

Research & Essays

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 issuing tokens has attracted Muslim…

Research & Essays

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 value should be converted into…

Research & Essays

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 between a legal person (human…

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Research & Essays

Research Paper: Shariah Review of Hedge Funds

Research Paper – Measuring Shariah Compliance in Senior & Subordinated Bonds

Research Paper: Shariah Analysis of Options Trading

Research Paper: Credit Default Swaps: Navigating the cross-section with risk sharing

Research Paper: Solving the Dynamics of Shariah in ETFs & ETNs

Research Paper: Shariah Analysis of Contingent Convertible Bonds (CoCo)

Research Paper: Decoding Compliance of Initial Coin Offerings

Research Paper: The Shariah Factor in Cryptocurrencies and Tokens

Research paper: Zakat on Cryptocurrencies

A Shariah Analysis of Ownership and The Concept of Trusts

If I use scented soap in Ihram, do I have to give Damm?

Is it permissible to open a current account in a conventional bank?

Are inverse ETFs, stock options and naked options permissible?

Consuming Medication in Porcine Gelatine Caspules

Where should Damm and Sadaqa for Ihram violation be paid?

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