The Basic Modes of Islamic Finance
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Welcome to Open Islam Finance Learning!
Open Islamic Finance Learning is a project that I am starting with the group of friends who are very passionate about Islamic finance – So if you would like to learn what is Islamic finance all about than please join us and ‘like’ our Facebook page – also share with your contacts. We are hoping to start in few weeks – Join our mailing list to get notified when we start!
Wassalam
Almir Colan
Our plans for this Space
Educate About Islamic Finance
We aim to provide Educational content covering the fundamental principles and concepts which underly Islamic Finance. We believe with a solid foundation individuals will be empowered apply these principles personally and professionally in order to make a meaningful difference.Stimulate Discussions
We wish to stimulate healthy discussion, sharing of ideas and collaborative developments in order to encourage individuals to create new opportunities and solutions to the problems we are faced with.Highlight Latest Developments
We will(insha-Allah) highlight News, analysis and updates of developments in the Financial industry related to Islamic Finance so individuals, professionals and organisations can stay up to date with developments in this sector.Provide Resources and Tools
We will endeavour to provide valuable resources such as Podcasts, videos, presentations and other media related to the topic of Islam Finance. We also believe that with the right toolset, we can facilitate the speedy adoption of Islamic Finance principles for those who have struggled due to lack appropriate support.Recent from Islamic Finance
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America’s Bankrupt Banks (Inside the Meltdown)
As the housing bubble burst and trillions of dollars’ worth of toxic mortgages began to go bad in 2007, fear spread through the massive firms that form the heart of Wall Street. By the spring of 2008, burdened by billions of dollars of bad mortgages, the investment bank Bear Stearns... -
The Secret History of the Global Financial Collapse. Meltdown
Financial Crisis Videos: The Secret History of the Global Financial Collapse. Meltdown is the story of the bankers who crashed the world, the leaders who struggled to save it and the ordinary families who got crushed. http://topdocumentaryfilms.com/meltdown/ Part 1 Part 2 Part 3 Part 4 Tweet -
Impact of the Global Financial Crisis and Islamic Finance
IDB Group Forum 2008 Tweet
Recent from Latest News
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Islamic finance assets to hit $1.1 trillion in 2012 – study
Islamic finance assets around the world are expected to climb 33 percent from their 2010 levels to $1.1 trillion by the end of 2012, boosted by the aftermath of the Arab Spring uprisings and dissatisfaction with conventional finance in the wake of the global debt crisis, consultants Ernst & Young... -
Malaysia: Robust outlook for Sukuk
KUALA LUMPUR: The local sukukThe Islamic equivalent of bonds that represent ownership in an underlying asset or project or venture market is expected to remain robust next year despite the global economic uncertainties, with the total issuance estimated to be between US$24bil (RM76.8bil) and US$30bil (RM96bil). CIMB Islamic Bank Bhd CEO... -
Saudi-Spanish collaboration seeks to boost Islamic finance values in Europe and beyond
Islamic finance in the European Union may be taking a back seat as the continent is gripped with a dire euro zone sovereign debt crisis which has even impacted on sovereign Germany’s attractiveness as a bond investment asset class. Similarly, London’s role as a hub for Islamic finance, investment and... -
Give Islamic benchmark rate a chance: Bankers
The launching of the Islamic Interbank Benchmark Rate (IIBR) by Thomson Reuters in Bahrain last week is the latest manifestation of how the technical architecture of the global Islamic financial industry is maturing. To many the pace of maturity remains frustratingly slow, especially in the Middle East and North Africa,...
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How do Islamic Banks make Money?
The Prophet (saws) was asked ‘What form of gain is the best? On which the Prophet (saws) said, ‘A man’s work with his hands and every legitimate sale’ (Ahmad). This is well demonstrated in a hadith narrated by Urwa when the Prophet (peace be upon him) gave him one dinar... -
Difference between Islamic & Conventional Banking
To understand the wisdom one has to go back to the source of all the principles. The Qur’anic verse “…Allah has permitted trade and has forbidden ribaUsury, interest. It covers any return of money on money – whether the interest is fixed or floating, simple or compounded (interest)” (Qur’an 2:275)... -
What is Islamic Finance
One may say that Islamic finance represents financial activity that is consistent with the principles of Islamic law or the ShariahThe set of rules derived from the holy Quran and the sayings and acts (the Sunnah) of the Prophet Mohammed (peace be upon him) as well as the opinions of...
