Author Credit: This blog is adapted from an article by Muhammad Rizwan-ul Haque, Founding Chairman of Dawood Family Takaful, CEO of an Investment Bank, and Director of a Trust. The original article was published on June 25, 2015. Introduction Salam is an important transaction in Islamic finance. It refers to an agreement between a buyer and a seller in which the buyer pays the price in advance, while the seller agrees to deliver a specific commodity at a future date. In simpl

Author Credit: This article is based on the original LinkedIn post written by Muhammad Rizwan-ul Haque, Founding Chairman of Dawood Family Takaful, CEO of an Investment Bank, and Director of a Trust. Originally published on June 25, 2015. Introduction Salam is one of the important modes of Islamic finance. It refers to a transaction between a buyer and a seller in which the buyer pays the full price in advance, while the seller promises to deliver a specific commodity at a fu

By Muhammad Rizwan-ul Haque Founding Chairman, Dawood Family Takaful, CEO of an Investment Bank and Director of a Trust September 22, 2015 Introduction This article explains the difference between Musharika and Murabaha, two commonly discussed concepts in Islamic finance. Musharika According to the author, Musharika represents one of the purest forms of Islamic finance because it is based on partnership, shared ownership, and shared business risk. Features of Musharika Mushar

By Muhammad Rizwan-ul Haque Founding Chairman, Dawood Family Takaful, CEO of an Investment Bank and Director of a Trust June 22, 2015 Introduction This article discusses the concept of Murabaha within Islamic Banking & Finance and raises questions regarding its practical implementation and compatibility with the broader economic objectives of Islam. Reference to Muhammad Taqi Usmani The article cites an excerpt from An Introduction to Islamic Finance by Muhammad Taqi Usmani,

By Muhammad Rizwan-ul Haque Founding Chairman, Dawood Family Takaful, CEO of an Investment Bank and Director of a Trust December 10, 2015 Introduction There has been increasing discussion regarding fiat currencies and the role of banking systems in modern economies. This article presents an overview of these concepts from the author’s perspective. What Is a Bank? A bank is generally understood as a place where something is stored or accumulated. For example, a place where blo