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Across the seven seas, communication has become instantaneous. Transcontinental travel time has been shortened from months to hours, if not minutes, and the world has become a global community. However, worldwide poverty, a blemish on the civilized world of the twenty-first century and its people, continues to be a key...

Is it the hip of gold and silver lying beneath a rock in South Africa, Mongolia, Peru, and other countries that are rich in natural resources? Is it the notes and paper with the market women in the street of Lagos? Perhaps it is the digits behind the software and...

The financial services industry is vast, with the banking sector appearing to be the most well-known. Despite the fact that there is always an intellectual debate and survey about Islamic banks being alternatives to conventional banks or not, Islamic banks are in high demand. Conventional banks are not entirely unfamiliar...

There are always special days on a personal, family, or organizational level, as well as in a nation's history. In recent years, these special occasions have taken on a new form that necessitates expenditures. Some, such as weddings, have always required some level of spending, whereas others, such as national...

The advent of Islamic finance in its modern form, which began in the early 1960s, aroused euphoria in the Muslim world and brought high hopes of seeing a “Madinahesque” system. Muslims envisaged that the new system would guarantee seamlessness of their financial dealings whilst having no sense of guilt emanating...