Introduction It is not uncommon for companies to issue preference shares for subscription by intending members of the public. Among other reasons, this happens usually in a bid to raise more capital for the company’s operation and expansion. Shares are broadly classified into ordinary shares and preference shares. The most common share type is ordinary shares …
Introduction One of the major sectors of Islamic finance is the Islamic capital market. This market has evolved in recent years with the listing of shariah-compliant stocks and the growing issuance of Sukuk by both corporate and sovereign issuers on a global scale. According to the Shariah standard issued by the Accounting and Auditing Organisation …
SUKUK: AN ISLAMIC FINANCE ALTERNATIVE TO A CONVENTIONAL BOND Read More »
Introduction Waqf (plural; awqaf), usually referred to as Islamic endowment is an age-long Islamic traditional socio-economic institution specially designed for equitable distribution of wealth and fulfillment of societal basic needs. Linguistically, the term waqf is derived from the Arabic verb “waqafa” meaning to hold, delay or preserve. In line with this, waqf could be …
WAQF (ISLAMIC ENDOWMENT): RESUSCITATION OF A MORIBUND ISLAMIC SOCIO-ECONOMIC INSTITUTION Read More »
Introduction A fundamental concept in finance is the concept of time value of money. The time value of money is based on positive time preference which assumes that a sum of money given today is worth more than its equivalent at any other time in the future. In other words, it hinges on the presumption …
THE TIME VALUE OF MONEY CONCEPT: DID ISLAMIC FINANCE GET IT WRONG? Read More »
Introduction One of the fastest developing industries in the financial service sector is Islamic finance. Over the past two decades, Islamic finance has witnessed an annual growth of over 10%. This industry has been growing exponentially in the past three decades with total global asset of the industry surpassing $2 trillion as at mid 2018 …
