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  • 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...
  • in Islamic Economics

    Basics of Islamic Finance

    Islamic finance is a financial system that operates financing activities under Islam law (Shariah). It is based on the teachings conveyed in the Quran, Hadith (words of the prophet Muhammad), and other Islamic jurisprudence. Unlike conventional finance, Islamic finance respects the core values of equity, social responsibility, and ethics, especiall...
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