Islamic finance complies with Islamic laws and prohibits charging or paying interest. Banks use creative techniques to get around the ban on interest, such as buying a house or car and leasing it to a customer. Islamic finance began in Egypt and spread to the Middle East, but there is debate in the Muslim community […]
The Islamic Golden Age was a period of cultural and intellectual growth between the 8th and 13th centuries, with some scholars saying it continued into the 16th century. Arab scholars translated ancient works into their native languages, established academic institutions, and made fundamental discoveries in various fields. The era is difficult to summarize, but it […]
The Islamic Golden Age was a period of cultural and intellectual growth between the 8th and 13th centuries, continuing into the 16th century. The Abbasid Caliphate moved their capital to Baghdad and established academic institutions, including a House of Wisdom where ancient works were translated and preserved. Papermaking and pen use were introduced, and universities, […]
The Islamic abaya is a long, black garment worn by women in some Muslim countries that covers the entire body except for the face, hands, and feet. It is one of the various garments worn due to Islamic norms related to female dress. The abaya is made from light fabrics and can be decorated with […]
Islamic financial institutions offer services similar to traditional banks, but operate without interest due to the prohibition of riba. They use techniques such as co-ownership and sukuk to provide loans and mortgages, and issue debt-based products. These institutions emerged in the 1970s and face various restrictions in their operation. There is a wide range of […]
Islamic inheritance law requires payment of funeral expenses and debts before distributing assets according to the deceased’s will. Sharia law dictates inheritance distribution among heirs, with sons receiving twice as much as daughters. Women were not allowed to inherit property at the time of the Quran’s writing, but some scholars argue that granting inheritance rights […]
Islamic mortgages comply with Islamic law and eliminate interest, allowing devout Muslims to buy homes without compromising their religious values. Different approaches include murabahah, musharaka, and ijarah, and some companies have their products reviewed by Islamic scholars. An Islamic mortgage is a home loan that complies with Islamic law, allowing devout Muslims to borrow money […]
Islamic jurisprudence, or fiqh, is based on sharia law derived from the Quran, Sunnah, and Old Testament. Scholars interpret and expand upon these sources, covering faith, observance, and community issues. Jurists’ opinions carry weight but can be challenged. Islamic law regulates behavior, including prayer, pilgrimage, and charity. Community is important, and fiqh addresses charity, economics, […]
Islamic financial institutions offer services similar to traditional banks, but operate without interest due to the prohibition of riba. They use techniques such as asset purchase and co-ownership to provide loans and mortgages. Sukuk, an equivalent of bonds without interest payments, are used for debt-based products. There are a wide range of Islamic financial institutions […]
Islamic mortgages comply with Islamic law and eliminate interest, allowing devout Muslims to buy homes without compromising their religious values. Different approaches include murabahah, musharaka, and ijarah, and some companies’ products are scrutinized by Islamic scholars. This financing option is available worldwide. An Islamic mortgage is a home loan that complies with Islamic law, allowing […]
There are three main calendars: the Western/Christian/Gregorian, Islamic/Hijri, and Hebrew/Jewish. They differ in their main events, month/year length, and start of day. The Gregorian calendar is based on the Julian calendar and Christ’s birth. The Islamic calendar is based on the emigration of Prophet Muhammad, while the Jewish calendar is based on the creation. The […]
