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Making Islamic finance beneficial for future generations

Islamic fi nance is now being steadily practiced in many parts of the world, including the Gulf region, Southeast Asia, Europe, and Australia. Many stand-alone Islamic fi nancial institutions, both banks and non-banks, have been set up; and along with this trend many...

The Islamic Paradigm on Finance, Economics and Development

Paradigm means worldview, or the way people view the world and things surrounding it. An Islamic paradigm will be based on the primary sources of Islam’s belief system, which is the Quran and hadith (sayings of Prophet Muhammad). In the last two decades, the...

The Development of Islamic Asset Management in Indonesia

There are at least four instruments in Islamic asset management in Indonesia. They consist of (i) Shariah compliant equity listed on the Indonesian stock exchange; (ii) Sukuk and /or Islamic bond; (iii) Islamic mutual funds; and (iv) other Shariah compliant...