Maqasid al-Shariah-Based Performance Evaluation Index for Islamic Social Finance Institutions
This study focuses on developing a performance evaluation index for Islamic social finance institutions (ISFIs) based on Maqasid al-Shariah to better measure their performance beyond just financial aspects. The aim is to analyze how far ISFIs have accomplished Maqasid during their operations through
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Understanding the Prohibition of Harming and Seeking Revenge in Islamic Studies
The lesson focuses on the Islamic principle of avoiding harm and refraining from retaliating harm, emphasizing compassion and tolerance in dealing with societal conflicts. The teachings highlight the significance of mercy in Islamic Shariah as a means to achieve happiness and peace in this world and
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Understanding Fiqh: Schools, Sources, and Concepts in Islamic Jurisprudence
Fiqh, an Arabic term meaning "deep understanding," plays a crucial role in interpreting divine law (Shariah) in Islam. This article delves into the concept of Fiqh, the emergence of Fiqh schools, sources of Fiqh according to Imam Abu Haneefa, and different types of Fiqh. By exploring these aspects,
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Understanding Ijarah in Islamic Finance: Principles and Applications
Explore the concept of Ijarah in Islamic Finance, which denotes leasing and rental arrangements based on Shariah principles. Discover the types, characteristics, and processes of Ijarah, along with rules governing this Islamic finance concept.
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Islamic Financial Management: Understanding Perusahaan and Syirkah in Shariah Finance
Explore the fundamentals of Perusahaan as a contractual arrangement and the various forms of organizational structures in Islamic finance. Delve into the concept of Syirkah, its types, and the principles behind Syirkah al-Mufawadah in managing financial partnerships. Understand the key aspects of Sy
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Comparison Between Takaful and Conventional Insurance: A Detailed Overview
Conventional insurance and Takaful are compared based on principles, practices, and alignment with Shariah law. This comparison examines concepts like pooling resources, Gharar presence, Maisir in insurance, Riba practices, and more. Insights from Joof Momodou Musa at the Global Takaful & Re Takaful
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Understanding Risk Management in Islamic Finance Institutions
Islamic Financial Institutions (IFIs) face various types of risks, including Shariah compliance, rate of return, displaced commercial equity investment, and operational risks. This content delves into how IFIs manage these risks through Shariah auditing, risk management for financial contracts, and
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