Halal Metaverse: Beyond Shariah-Compliant Contracts
A halal metaverse has certain distinct features. Similar to any other metaverse, it is a shared virtual world. However, in the halal metaverse, all transactions…
An Innovative Islamic Microfinance Institution
In the paper titled “Leveraging Philanthropy: Monetary Waqf for Microfinance” Dr Muhammad Anas Zarka comes up with some interesting and innovative suggestions for designing an…
Shariah-Based Metaverse: Potential Areas of Traction and Challenges
Panel Discussion- Blockchain Expert Talk Dr. Hazik Mohammed (Moderator): You have been a proponent for a Shariah-based metaverse. Can you describe what is meant by the…
Shariah Sandbox for Islamic Fintech Regulation?
Financial Regulations & Innovation Regulations are rules concerning what individuals, businesses, and organizations can and cannot do. With innovation taking place at a breakneck speed…
Debt Addiction and Riba
This discussion is around a brief post by the well-known Islamic economist Dr Mohammad Anas Zarka in an email-group, in the year 2010. The Economist (June 24, 2010 issue)…
Using Metaverse Technology to Create an Islamic Meta Economy
Increasingly commonplace among the internet community, the term “metaverse” evokes mixed reactions as it is subjected to varied interpretations. At one extreme, Muslims are particularly…
Developing Awqaf: Challenges and Opportunities
By Dr Hisham Dafterdar, CPA Chairman, Awkaf Australia All through Islamic history, the waqf system has been at the forefront of all aspects of Islamic…
Awqaf à La Carte
At the heart of Islamic deeds of righteousness lies care for others. One of the most encouraged acts of caring in Islam is feeding the…
Resolving the Shariah-Ethical Issues with Token Offerings – II
In part 1 of this blog we presented an overview of mechanisms for initial offerings as these have evolved in the crypto markets. In this…
Resolving the Shariah-Ethical Issues with Token Offerings – I
Market observers have time and again pointed at serious ethical issues and shortcomings with the initial offerings of crypto tokens. Bad practices in the form…
Banking on Awqaf
Awqaf is a vibrant economic sector accounting for a substantial share of the Islamic financial system. Awqaf operations dovetail into all sectors of the economy…
The Waqf Nazir – In the Hot Seat
The waqf is an institutionalized form of continuing charity. Creating a charitable waqf is a passive way of giving. Neither the waqifs nor the beneficiaries…
12 Points on How to Do Islamic Microfinance in India
Originally authored on June 30, 2008 Large section of Indian Muslims are poor. They also tend to get excluded from the formal banking and financial…
Awqaf Microfinance – Small is Beautiful
In Islam, lending is considered more of a charitable act than a commercial one. For a Muslim, it’s a matter of faith not to expect…
Awqaf and SMEs: Connecting the Dots
The waqf is the Islamic hallmark of social development, providing local solutions to local problems. The waqf system aims to reach an active and productive…