The Fiqh of Hiyal (legal devices and strategems)
Note, this is a chapter from the book ‘Prophetic Finance and Economics’ by Mufti Faraz Adam Summary Ḥiyal refers to legal mechanisms, devices, or stratagems that seek to attain a…
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Posts by tag
finance
10 posts
What is the guidance on content creation on conventional finance?
Question: Assalamu alaikum. I work as a content writer and sometimes I have to write finance related content. Is it ok to write about mortgage/credit articles without specifically talking about…
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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…
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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…
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The Principles of Profit-Sharing in Islamic Finance
Question: We are starting a business and need some guidelines on profit sharing. Can you kindly advise how profit sharing works in Shariah? In the Name of Allah, the Most…
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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…
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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…
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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…
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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…
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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…
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