The Directors of Ace Financial Advisory Limited are proud to inform you that the Capital Markets Authority Kenya has issued the company license number 111 of an Investment Advisor . We can assist in capital raising for projects above USD 60 million, personal financial planning, Investment advisory in local and global funds, transaction advisory to … Continue reading Capital Markets Authority issues licence number 111, of an investment advisor to Ace Financial Advisory Limited.
Salman Ahmed Shaikh In the last few years, the growth in Sukuk market has been subdued. Sukuk market is mainly led by Malaysia now. It is important to have stable growth in the Middle East for the global Sukuk issuance to grow. In recent years, the governments in non-Muslim majority countries have also ventured in […] … Continue reading Future Sukuk Growth Depends on Overcoming Challenges — Islamic Economics Project
One of the things that attract me to maintain this website on Islamic Banking is the opportunity to interact and share ideas with the various practitioners and academicians in the industry. There are many discussion topics and we intend to bring such discussions to the open table as constructive as possible. Interaction with Ms Rosana […] … Continue reading Is Islamic Finance Suffering from the Wrong Model of Implementation? — Islamic Bankers Resource Centre
CMS Legal Turkey September 29 2017 Purpose and scope of the regulation The Regulation on the Operational Procedures and Principles of Participation Insurances’ (“Regulation”) was published in the Official Gazette on 20th September 2017 and will enter into force on 20th December 2017. The regulation aims to provide a formal legal framework for participation insurance … Continue reading Participation Insurance (Takaful): An Alternative to Conventional Insurance — The Muslim Times
https://www.youtube.com/embed/B8S5H2Wrv_I?version=3&rel=1&fs=1&autohide=2&showsearch=0&showinfo=1&iv_load_policy=1&start=142&wmode=transparent The average Muslim thinks conventional insurance is Haram, Is this true? via Insurance: Halal or Haram? — Practical Islamic Finance
REVOLUTION OR EVOLUTION? This posting is in the danger of being written too long, but I think it is necessary to close this year with this topic, simply because it looks at the future. The word “Islamic Fintech” has been buzzing for quite some time now and there have been pockets of excitement on what […] … Continue reading Connecting the Dots : Islamic Fintech — Islamic Bankers Resource Centre
Kenya is the latest African country to join the bandwagon of countries wishing to issue a Sukuk and create a regional hub for Islamic financial services. With this in mind an Islamic Finance Project Management Office (PMO) has been set-up, which encompasses the Capital Markets Authority and other financial services regulators in December 2015. The … Continue reading IFN Country Feature: Kenya Emerging landscape of Islamic finance in Kenya
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.
Dealing in equity shares can be acceptable in Shariah subject to the following conditions: The principal business activity of the company does not violate Shariah principles and Islamic Moral values. Therefore, it is not permissible to acquire the shares of the companies providing financial services on Riba (interest, usury), like conventional banks, insurance companies, or … Continue reading Islamic Sharia Compliant Investment Funds – Blog Series No. 2 Islamic Sharia Compliant Investment in Shares and Equity Funds
The term “Islamic Sharia Compliant Investment Fund” in this blogmeans a joint pool of collective investments funds, wherein the investors contributes money for the purpose of its investment to earn halal profits in strict conformity with the precepts of Islamic Shariah and Fiqh (Jurisprudence), and managed by a professional fund/money manager. The subscribers of the … Continue reading Islamic Sharia Compliant Investment Funds – Blog Series No. 1 Introduction to Islamic Sharia Compliant Investment Funds