In an Islamic Commodity fund, the funds raised from investors are used in purchasing different commodities for the purpose of their resale at a profit. The commodities could be Gold, Silver, Grains, Sugar, Rice, Tea, coffee, beef etc, which are tradable in recognised commodity exchanges like Dubai Multi Commodity exchange etc. The profits generated by … Continue reading Islamic Sharia Compliant Investment Funds – Blog Series No. 3 Types of Funds – Islamic Commodity Funds
Islam has not prohibited insurance contrary to commonly held beliefs. As far as the concept of insurance in Islam is concerned, it is to cover the risk of loss, or the "fortunate many helping the unfortunate few". This concept is not only allowed, but also encouraged in Islam. "Help one another in righteousness and piety, … Continue reading Insurance Series Blog Series No. 1 Introduction to Sharia Compliant Insurance – Takaful.