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Islamic Finance – Opportunities and Challenges

The Islamic Financial system has witnessed considerable developments in the past four decades and is now regarded as one of the fastest growing segment of the global financial system. Islamic finance assets grew at double-digit rates during the past decade, from about US$200 billion in 2003 to an estimated US$1.8 …

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Never think that you will not make it in Life

Here is an inspiring incident of a teacher of Imam Bukhari (Rahimahullah); who was once a composition of many evils but later turned out to become a profound Muhadith of his time. Muhammad bin Maslama al- Qa’nabi (Rahimahullah) is one of the ustaads of Imam Bukhari (Rahimahullah). He was known …

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The Dynamics of a Fatwa

A fatwa is a culmination of fiqh (jurisprudence) which has its roots in the Quran, Hadith, Ijmā’ (consensus of the Sahabah), and Qiyās (analogy). The academic content of a fatwa is like the mountaintop that is uplifted by the entire mountain and further supported by the surface of the ground and its underground structures. When a request …

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