• Kewangan Beretika

    Why Islamic Banking is Not Working in Russia

    Artikel di bawah berkaitan dengan isu tadbir urus sistem kewangan di Rusia pada ketika ini yang kelihatannya belum mampu menyokong perkembangan perbankan dan kewangan Islam di sana. By: Aizhan Kazak One of the most well-known Islamic banking institutions in Russia is in a precarious position with a senior executive of its parent company being charged with fraud. This case is reflective of the many legal hurdles faced by Islamic finance institutions in Russia. A year ago, when Tatagroprombank launched The Partnership Banking Center, which operated under Sharia (Islamic laws), many analysts¬†believed¬†in its success. The center also hoped that investments would start flowing to Kazan, the so-called Muslim capital of Russia,…

  • Kewangan Islam

    What can we expect from Shariah Standard on Gold?

    By: Dr. Mohd Daud Bakar There is no point of developing a standard, any standard for that matter, if it is of no use for the humanity or special community living on this planet. The same is true with a Shariah standard. Any standard which is to be developed must have a clear set of deliverables in terms of its relevance and impact. What are these deliverables? The following points are based on my own intuitive understanding or perhaps, to some extent, expectation and aspiration. The most important aspect that this standard aspires to achieve is to dispel the prevailing understanding in the community that gold is a usurious or…