Understanding Corporate Social Responsibility (CSR)
Corporate Social Responsibility (CSR) has emerged as a crucial business philosophy in today’s corporate landscape, reflecting a company’s commitment to ethical behaviour, environmental sustainability, and community development. It goes beyond profit-making to include activities that benefit society at large. Companies adopting CSR initiatives aim to balance their economic goals with their responsibilities to stakeholders, including
- Published 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 foothold in Western economies.
- Published in Economics and Finance, 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, grandparents, aunts,
- Published in Economics and Finance, 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. It reflects
- Published in Economics and Finance, 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, especially in business transactions. Below are
- Published in Economics and Finance, Islamic Economics
Blockchain Revolutionising Finance: A Comprehensive Analysis
In the past decade, blockchain technology has emerged as a transformative force, promising to revolutionise various industries, with finance being at the forefront of this paradigm shift. The disruptive potential of blockchain in finance is undeniable, offering unprecedented levels of transparency, security, and efficiency. From payments and settlements to smart contracts and decentralised finance (DeFi),
- Published in Economics and Finance
Newham People Power Places Working Group
Serving as a Working Group Member for Newham Council’s People Power Places (2023-2024) has been a deeply rewarding experience. The role has offered a unique insight into the transformative impact community-driven projects can have on our borough, especially for some of the most vulnerable individuals in our area. The project began with a rigorous application
- Published in Economics and Finance, Socio Economic Issues
Embracing Sustainability: A Path to a Resilient Future
In an era defined by rapid industrialisation, urbanisation, and technological advancement, the concept of sustainability has emerged as a guiding principle for shaping a better future for humanity and the planet. Sustainability encompasses the interconnected goals of environmental stewardship, social equity, and economic prosperity, aiming to meet the needs of the present without compromising the
- Published in Economics and Finance
Blockchain in the Finance Industry
Blockchain, the revolutionary technology that underpins cryptocurrencies like Bitcoin and Ethereum, has been making waves across industries, with few feeling its impact as profoundly as the finance sector. From banking and insurance to investment management and beyond, blockchain is reshaping the way financial transactions are conducted, recorded, and secured. Let’s explore how blockchain is transforming
- Published in Economics and Finance
The Importance of Financial Ratios in Business Analysis
Ratios are quantitative measures used in financial analysis to evaluate various aspects of a company’s performance, financial health, and operational efficiency. These ratios are calculated by dividing one financial metric by another, providing insights into the relationship between different financial elements. Ratios are essential for several reasons: Performance Evaluation: Ratios allow stakeholders to assess a
- Published in Economics and Finance
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