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…
Category: Not-for-Profit Finance
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…
Awqafability: Many Happy Returns
Guest Blog by Hisham Dafterdar, CPA, PhD Chairman, Awkaf Australia Ltd Sustainability is broadly defined as the ability of something to maintain or “sustain” itself over…
Awqaf Risk Management: A Case Study
By Dr Hisham Dafterdar The aim of this case study is to present a dramatically different outcome of a much lauded mode of development financing…
Artificial Intelligence (AI) through the Lens of Islamic Economics – VI
We underline some data privacy related guidelines and principles that do not violate the basic beliefs and culture of Islamic societies. They merit serious consideration…
Artificial Intelligence (AI) through the Lens of Islamic Economics – V
We can take comfort with the forecast that AI will firmly stay within human control and conveniently, trash the forecast of some that machines will…
Kafalah (Guarantee) for Shariah-compliant SMEs in the UK
Kafalah (guarantee) is assurance, its original meaning relates to joining and commitment. Technically Muslim jurists differed about the definition of guarantee. The majority of Hanafis…
Awqaf: The Quiet Achiever
Hisham Dafterdar, CPA, PhD Chairman Awkaf Australia Ltd The recent surge of interest in awqaf is due to the increasing awareness of the role of…
Developing a Governance Framework for Islamic Social Finance Institutions
February 12, 2015 An Islamic social finance institution is essentially a non-profit or charity organization that seeks to operationalize the concepts of waqf, zakah, sadaqah…
Lessons from a Hospital Tragedy
Social edupreneurs like Dr Manoj Nayak deserve respect. I am shocked to see how quickly our society can brush aside all the contribution of this…