The Islamic Economic system is a system which is in conformity with the rules of Shariah. Sharia h can be explained as a “Pathway to be followed ” and can Further, be explained as a set of divine injunctions and laws that regulates every aspect of a human being in their individual and collective lives. […]

The Usmani & Co team including the honorable Mufti Taqi Usmani and Dr. Imran Ashraf Usmani visit various global Islamic & Shariah conferences to shed light on the principles of Islamic Finance and other significant subjects benefitting thousands of Muslims worldwide. Usmani & Co is one of the leading shariah advisory firms globally helping hundreds […]

The sudden outbreak of COVID-19 has left all of us bewildered, and just in a span of a few months over 1.8 million people in Pakistan lost their jobs because of the lockdown. Such high and unanticipated unemployment is followed by disastrous impacts on the lives of the affected individuals and families. A typical family […]

The Influencers Ethical finance/trade implies a socio-economic impact on stakeholders in investment and trade activities. Ethical movement promotes fair trade, distribution of wealth, impartial investment and most importantly corporate social responsibility. More and more financial institutions are trying to incorporate ethical considerations into their strategic decision making as Ethical Financing is growing exponentially due to […]

Murabaha is derived from the Arabic word Ribh (ربح) which means profit. It is a common type of a contract used by financial institutions in which the buyer and seller agree on a cost-plus price of a product. As you all know that in today’s world ethical financing has grown exponentially and Islam is also […]

This question often comes to our mind that Why is Usury (Riba) haram when the Creditor is at a loss if we take into account the concept of Time Value of Money I.E The value of money which the creditor is lending would not be the same at the time when he would receive his […]