risk-sharing

11 Feb 25

Istisna (Manufacturing Contracts) in Islamic Finance

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Istisna is a vital contract in Islamic finance, designed for manufacturing and construction projects. It allows flexible payment terms and future delivery of custom-made goods or projects, making it ideal for industries like construction, shipbuilding, and energy. This Shariah-compliant contract promotes industrial growth, risk-sharing, and economic development while eliminating interest…

31 Jan 25

Contributions of Classical Islamic Scholars to Finance

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Classical Islamic scholars played a pivotal role in shaping financial principles based on justice, risk-sharing, and ethics. Their insights on public finance, taxation, market regulation, and wealth distribution continue to influence modern Islamic banking. Learn how their contributions provide an ethical alternative to conventional finance.