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  • in Economics and Finance

    Al Baraka Summit in London on Islamic Economics and Finance

    Islamic banking and finance offer an alternative approach to conventional financial systems, grounded in Islamic principles and designed to comply with Shariah law. This system has gained popularity worldwide, particularly in regions with large Muslim populations, including the Middle East, Southeast Asia, and Africa, and has been trying to get a f...
  • in Islamic Economics

    Islamic Inheritance Distribution: Detailed Heirs’ Shares and Guidelines

    In Islamic inheritance law, the distribution of an estate is meticulously outlined to ensure fairness among heirs. The table below provides a comprehensive overview of how various categories of heirs receive their shares of the estate. It covers primary heirs such as spouses, children, and parents, as well as extended relatives including siblings, ...
  • in Islamic Economics

    Understanding Zakat: A Pillar of Islam

    Zakat, one of the Five Pillars of Islam, is not merely an act of charity but a fundamental obligation for all Muslims who meet certain financial criteria. Derived from the Arabic root “zakaa,” which means purification, growth, and blessings, Zakat purifies one’s wealth and helps reduce inequality in society by supporting the needy...
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