Business and Economics
Economic System of Islam
Islam has given detailed regulations for our economic life, which is balanced and fair. Muslims are to recognize that wealth, earnings, and material goods are the property of God, and we are merely His trustees. Here is an overview of the basic principles of Islamic economics, including discussions of interest/usury, gambling, fraud, extravagance, and greed.
Islamic Mortgage - What Is An Islamic Mortgage?
Many Muslims, especially those living in non-Muslim countries, give up on the idea of ever owning their own home. Many families choose to rent for the long-term rather than participate in a bank loan which involves the taking or paying of interest. In recent years, however, the market has opened up to Islamic mortgage offerings which are compliant with Islamic law.
Insurance in Islam
What do Muslims believe about insurance? Is it acceptable in Islam to take out health insurance, life insurance, car insurance, etc.? Are there Islamic alternatives to conventional insurance programs? Would Muslims seek a religious exemption if the purchase of insurance were required by law?
Islamic Business Books
These titles explore ideas of Islamic finance, business, and economics. Why is interest prohibited in Islamic banking? How do ethics govern the Muslim business world? How are contracts negotiated? These questions are explored in these top choices of Islamic business books.
Where to Find an Islamic Mortgage
Do you want to buy a home, but without violating Islamic laws against usury ( riba' )? The following banks and brokerage institutions offer Islamic, or no riba' , home mortgages which are compliant with Islamic law . Each company has its own mortgage model, pricing structure, and application requirements, so the consumer is advised to engage in...