The Grand Mufti of Egypt Imam Sheikh Shawki Allam has released a statement declaring that transacting in Cryptocurrencies is haram (forbidden) under the Islamic Sharia law. A formal fatwa was issued on Monday January 1st 2018 in which the Imam
While discussing the 2018 annual budget of his kingdom recently, King Salman stated that the kingdom will spend more in 2018 than any other time in its history. Government expenditure is estimated around SR978 billion ($260.8 billion) this year, rising from SR890
If we focus on Islamic capital market development, Malaysia is once again a long way ahead of its competitors. The country boasts more than 60% of the global sukuk market amounting to US $164 billion worth of outstanding sukuk in
The development of an Islamic capital market in Ningxia could be the start of a new financial relationship between China and the Islamic world. For this to flourish, however, Islamic finance must not only be open to non-Muslims but it
Islam, being a complete way of life and a code of conduct deals with every walk of human life. It gives directives in social life, marital life, political life, governance, war and peace as well as internal and external affairs.
I know most Muslims around the world would fast and pray as required and purify their savings by paying Zakat. If you’ve always wanted to invest in savings through halal means, this post is the life saver for you. Let’s
You’ve managed to make a good impression and the hiring manager is considering choosing you amongst masses who’ve applied for that same position. Although you may have gone through a phone screening or perhaps several, all those efforts are now
As a business owner, tax payments can be pretty complicated and expensive. Because of that, entrepreneurs make lots of mistakes when its tax payment time and that can lead to lots of complications and penalties which can severely hurt businesses.