BNM Launches SSDS+ Platform for Tokenized Bonds and Sukuk
SSDS+ is Bank Negara Malaysia’s platform for the issuance, depository and safekeeping of tokenized bonds and sukuk. BNM launched it on October …
Finance
OQEP Sets Up $2 Billion Sukuk Programme With Preliminary S&P BBB-
OQ Exploration and Production (OQEP), Oman’s upstream energy company, has set up a $2 billion sukuk programme, Muscat Daily reported on October …
Pakistan Pitches Sukuk and Panda Bonds to Banks at Bangkok Meetings
Pakistan’s Finance Minister Muhammad Aurangzeb discussed prospective sukuk issuance, more Panda bonds and other financing with Standard …
Islamic Finance Courses for Working Professionals: Certificates, Costs and Time Required
Working professionals can earn a recognized Islamic finance qualification without leaving their jobs. The main options are AAOIFI’s professional …
Family Takaful: How Islamic Life Cover Works and Where Muslim Families Can Get It
Family takaful is the Islamic alternative to life insurance. Participants donate contributions into a shared fund that pays benefits to the families …
Halal Savings Accounts: How Profit-Sharing Accounts Work and What They Pay
A halal savings account pays an expected profit rate from Shariah-compliant investments instead of interest. In Britain, Islamic banks offered …
Shariah-Compliant ETFs Compared: Fees, Size and What Each One Holds
The cheapest U.S.-listed Shariah-compliant ETF is the SP Funds S&P 500 Sharia Industry Exclusions ETF (SPUS), with an expense ratio of 0.45 …
What Is Zakat? The Complete Guide to Islam’s Obligatory Charity
Zakat is the obligatory annual charity in Islam: 2.5 percent of a Muslim’s qualifying wealth, such as cash, gold, silver, trade goods and …
Waqf Investment Funds: How Cash Waqf Works and Whether Donors Earn Income
A waqf investment fund pools charitable endowment money, invests it in Shariah-compliant assets and spends the returns on good causes, while the …
Zakat on Series I Savings Bonds: Principal, Interest and Purification
If you hold U.S. Series I savings bonds, zakat is due on the principal, the amount you paid for the bonds, according to Britain’s National Zakat …
Zakat on Inherited Property That Hasn’t Been Sold or Distributed
Heirs do not owe zakat on an inheritance that has not yet come into their possession, according to Islamic Relief Worldwide. Inherited land or houses …
Zakat on RSUs, Stock Options and ESPP Shares: When It Is Due and How to Value It
Zakat is generally not due on restricted stock units (RSUs) or stock options until they vest and the shares become yours. Once vested shares are in …
Zakat on IRAs, Roth IRAs, 529 Plans and HSAs: How Scholars Calculate It
Most scholarly bodies that have addressed U.S. retirement accounts say zakat is due each year on the amount you could actually withdraw, after …
Zakat on Gold Jewelry Worn Every Day: What the Schools of Law Say
Whether zakat is due on gold jewelry that a woman wears depends on the school of Islamic law she follows. The Hanafi school says zakat is due on it …
What Are Sukuk? How Islamic Bonds Pay Investors Without Interest
Sukuk, often called Islamic bonds, are certificates that give investors a share in the ownership of assets, a project or a business activity. Instead …
Is Day Trading Halal or Haram? What AAOIFI’s Standard Allows and Forbids
Under AAOIFI’s standard on shares, buying and selling shares of Shariah-compliant companies within the same day is permitted, because ownership …
Are Cryptocurrencies Compatible With Islamic Finance? What Fatwa Bodies and Regulators Say
There is no single Islamic ruling on cryptocurrency. Egypt’s Dar al-Ifta and Turkey’s religious authority have called trading bitcoin …
The 5 Essentials of Halal Investing: What Makes an Investment Shariah-Compliant
Halal investing rests on five rules: avoid interest (riba); own only businesses whose main activity is permissible; avoid excessive uncertainty …
Are Bonds Halal or Haram in Islam? What Scholars Rule, and How Sukuk Differ
Conventional bonds, which pay interest on a loan, are prohibited under the rulings of the International Islamic Fiqh Academy and the Accounting and …
How to Tell If a Stock Is Halal: The Screening Rules, Ratios and Purification
A stock is generally considered halal, or Shariah-compliant, when the company’s main business is permissible and its finances pass three tests: …
Is It Halal to Work in a Conventional Bank? What Scholars Say
Scholars disagree. Many, including Saudi Arabia’s senior fatwa committee, hold that working in a bank whose business is lending at interest is …
Islamic Finance in Japan: Laws, Banks, Sukuk and Outlook
Islamic finance in Japan is small and mostly offshore. Japan has no Islamic bank or takaful insurer, and no sukuk has been publicly issued under its …
What Is Takaful? How Islamic Insurance Works and How It Differs From Conventional Insurance
Takaful is Islamic insurance. Instead of buying a policy from an insurer that keeps the premiums, participants contribute to a shared fund as …
Kazakhstan`s ITS Secures Favorable Shariah Compliance Opinion as Islamic Investment Offering Expands
Astana, Kazakhstan, September 8, 2026 – Kazakhstan-based international trading platform ITS has received a favourable Shariah compliance opinion …