Islamic Banking

The Art of RF (Riba-Free) Islamic Banking and Finance

Sedikit dapatan daripada buku The Art of RF (Riba-Free) Islamic Banking and Finance: Tools and Techniques for Community-Based Banking: Dengan disandarkan harga rumah dengan nilai emas pada satu carta (chart), dan dilukis lakaran indikator ‘stochastic’ yang biasa diguna pakai dalam analisis teknikal pasaran saham, kejatuhan harga rumah di US pada tahun 2008 telah mula dapat dikesan pada sekitar tahun 2004/2005. Hasil yang konsisten juga diperolehi jika pendekatan yang sama diaplikasi pada… Read More »The Art of RF (Riba-Free) Islamic Banking and Finance

Does Islam allow passive savings like what it is practiced in the financial world?

[The original posting can be found at http://alnaqiy.com/home/article/islam-allows-passive-savings/]

By nature, people work to earn money and accumulate wealth. Some people earn the money and invest it to generate more income; and some earn the money and keep it for the future. Allah has mentioned in the Qur’an that wealth is an embellishment of the worldly life. Allah says:

“Wealth and children are [but] adornment of the worldly life. But the enduring good deeds are better to your Lord for reward and better for [one’s] hope.” [Al-Kahf 18:46]

Nowadays, what is being practiced in Islamic banking is that depositors will put their money in banks either for safekeeping purpose or for investment.Read More »Does Islam allow passive savings like what it is practiced in the financial world?