finance Archives - Darul Fiqh

Are ISAs Shariah compliant?

Question: Are ISAs Shariah compliant? In the Name of Allah, the Most Gracious, the Most Merciful. As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh. The Answer: Individual Savings Account (ISA) were introduced in 1999…

Are the Fees In lieu of Completing a Cremation Form Lawful?

Question: A question from a doctor: Its about Cremation forms that as Doctors we have to fill out before a body is cremated. If a family choose to cremate their…

Fiqh

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, 4 million people are now…

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: 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 & 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…

finance

Are ISAs Shariah compliant?

Are the Fees In lieu of Completing a Cremation Form Lawful?

Research Paper: Retail Forex Trading: Views from the front lines of Islamic Finance

Research Paper: Shariah Review of Hedge Funds

Research Paper: Shariah Analysis of Options Trading

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

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

The Beauty of our Master, the Prophet Muhammad ﷺ

Is it permissible to wear a pouch in Ihram?

Is Hajj obligatory on me if I owe a debt soon?

Is it permissible to pause Tawaf to drink Zamzam water?

What is the ruling if the scent of perfume spreads on one’s body in the state of Ihram?

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