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Tag Archives: Islamic Finance

India’s Muslims develop mutual health insurance scheme as alternative to Takaful

A not-for-profit health assurance scheme, called Uplift Mutuals Biradaree, started in April this year at two of Mumbai’s Muslim-majority localities By Syed Ameen Kader, Salaam Gateway Islamic finance pioneers and like-minded community leaders in India have come together to introduce an alternative product to formal takaful, which doesn’t exist in the …

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‘Interest-Free’ In Islamic Finance Is A Myth

The official clarification that the move for the introduction of Islamic banking in India, mooted by former RBI Governor Raghuram Rajan, stands abandoned has given rise to speculation that the decision is based on political considerations, given that the current dispensation in India is held unlikely to do anything that …

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Zakat requires Muslims to donate 2.5% of their wealth: could this end poverty?

Usman, a fisherman, used to have a rickety fishing boat that could only take him as far as the mouth of the river, just before it meets the sea. He could not catch enough to feed his family of five but last month, he was able to buy a new …

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Durham University is offering an Msc in Islamic Finance.

Durham University is offering a One Year Full Time programme on Islamic Finance, involving quantitative methods in the analysis of Islamic and conventional finance by making reference to their technical particularities. Probably one of the first Post Degree offerings on Islamic Finance in the Western World.  According to the University’s …

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