Islamic Finance | Muslim Link

Tagged: Islamic Finance

NewsMay 6, 2024
Community Responses to the Passing of Canadian Pioneer of Islamic Finance Pervez Nasim
A Muslim Canadian pioneer, Pervez Nasim, passed away on Wednesday May 1, 2024 in Toronto. Inna lillahi wa inna ilayhi raji`un - We belong to Allah and to Him we return.
NewsMay 4, 2024
Advancing the Halal Lifestyle Industry in North America: Halal Expo Canada 2024 May 8 -9
Toronto, Canada – May 4th, 2024 - Halal Expo Canada , now in its highly anticipated 4th edition, is slated to grace hall 4 of the esteemed International Centre in Toronto from May 8-9, 2024.
NewsApr 12, 2023
Expanding Access to Halal Financing to Help Muslims Buy Homes in Alberta
Alberta’s government is working with the Alberta Council of Imams and the Al Rashid Mosque to explore opportunities for Islamic compliant, or halal, financing.
NewsNov 7, 2022
National Zakat Foundation Canada Appoints Shari'ah Advisory Board
Since 2013, National Zakat Foundation has been at the forefront of Zakat education, creating and distributing materials that are clear, practical and accessible.
Islamic FinanceJun 21, 2021
Yaqeen Institute for Islamic Research Has Published Two Papers on the Practice of Zakat in Canada
The Yaqeen Institute for Islamic Research has published two papers on the practice of Zakat in Canada:
Islamic FinanceMar 29, 2021
ShariaPortfolio Brings Halal ETFs and Halal Investment Services to Canadians
When he founded ShariaPortfolio in 2003, CEO Naushad Virji received many well-intentioned suggestions to choose a different name. Being in the United States, just a couple of years after 9/11, the wariness about the word "Sharia" was understandable. But Virji had no qualms about it. "Anyone who had…
Islamic FinanceNov 17, 2020
How to Reduce Risk and Generate Income with Halal REITs
One of the biggest challenges in halal investing is mitigating risk. In conventional (non Shariah-compliant investing), investors use bonds or GICs (Guaranteed Income Certificates) to lower their risk and exposure to the stock market. However, since these investments are interest-based, they can't…
Islamic FinanceJun 22, 2020
10 Principles of Successful Halal Investing in Volatile Markets
In this time of global economic uncertainty, being an investor is stressful. If you have a halal portfolio, you may even feel the ups and downs of the stock market even more than conventional investors. This is because a Shariah compliant portfolio would exclude interest-based investments like GICs…
NewsNov 14, 2019
Learn about Halal Investing with Investment Advisor Sameer Azam at Two Events in Mississauga This November
Chartered Investment Manager (CIM) Sameer Azam is presenting two information sessions on investing with the Muslim Neighbour Nexus in Mississauga this November.
Islamic FinanceAug 28, 2019
Building a Tool To Help Find Halal Stocks: Interview with the CEO of FINISPIA
FINISPIA is a stock screening tool designed for making Islamic investment easier by making it easier to find out which stock is halal and which one is not.
NewsJan 28, 2019
Taking Canada's Halal Industry onto The World Stage
Just a few decades ago, the only way that many Canadian Muslims could get zabiha halal slaughtered meat was to go to a local farm and slaughter it themselves. Today, the availability of halal meat from street food vendors, in supermarkets from brands such as Mina Halal , and franchises like Hero…
Islamic FinanceDec 21, 2018
Benefits of a Halal Interest-Free Employer Matched RRSP
When Mihami Shash started a new job, one of the benefits she was offered was the opportunity to participate in the company’s matched-RRSP (Registered Retirement Savings Plan) program. The company had set up a number of investment options that the employees could use to save for retirement and as an…
Islamic FinanceDec 20, 2016
Interest Free Home Ownership – How Does It Work?
One of the biggest challenges Muslims face when it comes to reconciling their faith with their finances is home ownership. With house prices starting in the hundreds of thousands of dollars, how is it possible to buy a house without borrowing money through an interest-based mortgage?
Islamic FinanceJan 22, 2013
Scholar shortage threatens Islamic financing industry
Malaysia's International Shariah Research Academy for Islamic Finance is working with its Middle Eastern counterpart on guidelines to address the number of boards on which scholars can sit to reduce conflicts of interest.
Islamic FinanceNov 3, 2012
The outlook for Islamic finance in Africa
From Ghana in the west, to Ethiopia in the east, to Mozambique in the south, Africa's economies are growing, and even faster than those in almost any other region of the world. Although severe income disparities persist on the continent, a middle class is emerging. According to Standard Bank, which…
Islamic FinanceAug 18, 2012
Behind the Goldman Sachs sukuk debate
When Goldman Sachs announced last October that it planned to issue an Islamic bond, debate ignited over whether conventional banks in the West should be allowed to engage in Islamic finance. The investment bank said it planned to issue a sukuk worth as much as $2 billion based on murabaha, a…
Islamic FinanceJun 8, 2012
Islamic finance a progenitor of venture capital
When Facebook went public on May 18, for the handful of venture capitalists, Accel Partners, Greylock Partners and Meritech Capital, who have been with the company since its early days, it was a massive financial payoff. With the IPO also came fame and reputation. At a closing price of $38.23,…
Islamic FinanceMay 8, 2012
Economic insights from Islam's Golden Age
The Muslim world is in a difficult phase. Even though its people comprise more than a fifth of the world's population, and its regions are resource-rich, it produces only around eight per cent of the purchasing power adjusted gross national product of the world. It is plagued by illiteracy,…
Islamic FinanceMar 10, 2012
Understanding shariah-based home financing options
Islamic banking and financial services have been enjoying a major resurgence in recent years. A survey released in 2009 by The Banker magazine found that assets held by Sharia-compliant banks rose 28.6 per cent in 2009 to $822 billion, while assets held by conventional banks grew only 6.8 per cent.…
Islamic FinanceDec 1, 2011
Islamic finance could help stabilize global financial system
The financial system has played an active role in the accelerated development of the world economy, particularly since the Second World War. However in recent years the system has become plagued by persistent crises, one after the other, making it clear for all that a financial system based on…
Islamic FinanceOct 21, 2010
Islamic financing's conflict of identity
Islamic finance is not a recent invention. In medieval times, interest taking and undue financial speculation were considered both sinful and illegal and were duly avoided. Before the advent of Islam and for centuries thereafter, Muslims in the Arabian peninsula did business without taking or…
Islamic FinanceMay 20, 2010
The Islamic roots of the common law
Islamic finance and banking have enjoyed success in common law jurisdictions such as England, New Zealand, Australia and India. In fact, Islamic banks willingly submit themselves to common law courts to enforce shariah-compliant commercial contracts. Islamic banks in the UK have in their murabahah…

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