Blog

‘Are those who have knowledge and those who have no knowledge alike? Only the men of understanding are mindful.’ (Quran, 39:9) Treasure, they say, is either in the form of precious metals, gems, or other valuable objects. But all these forms of treasure can be stolen and often decreases with time so we cannot really call it a lifetime asset. There is, however, another form of treasure, which cannot be stolen, increases by time, and is a lifetime asset as well. It is, knowledge. It gives you a high return on investment of your time.

08 Nov 21

Knowledge – a roadmap to hunt the treasure

‘Are those who have knowledge and those who have no knowledge alike? Only the men of understanding are mindful.’ (Quran, 39:9) Treasure, they say, is either in the form of precious metals, gems, or other valuable objects. But all these forms of treasure can be stolen and often decreases with time so we cannot really […]

27 Oct 21

Key differences between Islamic banks & conventional interest based banks

ISLAMIC BANKS (IB) CONVENTIONAL BANKS (CB) At Conceptual & Socio-Religious level IB are not money lending institutes but they work as a trading/ investment house. IB work under the socio-religious guidelines that prohibit charging and paying interest and avoid all impermissible transactions like gambling, speculation, short selling & Sale of debts & receivables. IB do […]

04 Oct 21

IJARAH

“Ijarah” is a term of Islamic fiqh. Lexically, it means “to give something on rent”. In Islamic jurisprudence, the term “Ijarah” is used for two different situations: In the first place, it means “to employ the services of a person on wages given to him as a consideration for his hired services.” The employer is […]

23 Aug 21

RIBA FREE ECONOMY IS A REAL GATEWAY TO NAYA PAKISTAN

Imran Khan, the Prime Minister of Pakistan lit the candle on July 26, 2018 by saying that he is very keen on making Pakistan the first Islamic state of Madinah, to which he refers to as Naya Pakistan in the legacy of Muhammad Ali Jinnah’s vision. He outlined his vision for “Naya Pakistan” emphasizing the […]

20 Apr 21

ISLAMIC FINANCE & OBJECTIVES OF SHARIAH

Finance and money make such a huge part of our life on individual and societal level. There are two common financing infrastructures being practised worldwide: Conventional Finance and Islamic Finance. Riba (Interest) is the backbone of Conventional Finance. Although, the Western world has designed infrastructure of Conventional Finance, they do believe it is a greedy […]

07 Apr 21

Welcoming Ramadan with the Realization of SDGs through Islamic Finance

The Islamic social finance ecosystem – that includes Zakat (obligatory charity), Sadaqat (voluntary charity), Waqf (endowment), Qard al-Hasan (benevolent loan), Kafalah (guarantee), Takaful (co-operative insurance), and not-for-profit microfinance institutions in compliance with the principles of Islamic law (Shari’ah) – is well suited to support the United Nations’ Sustainable Development Goals (SDGs) in Pakistan, which are […]

11 Feb 21

Istijrar

Istijrar means purchasing goods time to time in different quantities. In Islamic jurisprudence, Istjrar is an agreement where a buyer purchases something from time to time; each time there is no offer or acceptance or bargain.

29 Dec 20

An Eco-System of Shariah Compliant Investment

The Knowledge of Halaal and Haraam with respect to one’s income is a matter of grave importance, highly emphasized in our Deen. The Prophet ﷺ stated that eating from haraam earnings is one of the things that prevent du‘aa’s and righteous deeds from being accepted. [vc_row][vc_column][vc_row_inner css=”.vc_custom_1609234907098{margin-top: 0px !important;margin-bottom: 0px !important;border-top-width: 0px !important;border-bottom-width: 0px !important;padding-top: […]

24 Dec 20

IMPORTANCE OF SHARIAH COMPLAINT INVESTMENT

Usmani & Co in collaboration with Meezan Bank and IBA-CEIF, is hosting a Webinar LIVE on Zoom and Facebook on Thursday, December 24, 2020, at 4:00 P.M. (PST) on the Importance of Shariah-compliant investment through Meezan Roshan Digital Account and Islamic Naya Pakistan Certificates. Usmani & Co. is a globally well-reputed Advisory Firm, committed to […]

13 Nov 20

Sukuk Structuring – Understanding K-Electrics’ Sukuk

The successful issuance of K-Electric Sukuk back in 2015 led to another effective Sukuk issuance by K-electric in 2020. The Diminishing Musharakah Sukuk in 2015 was jointly arranged by Meezan Bank Limited and Habib Bank Limited and was awarded a rating of AA+ by JCR-VIS and A+ by Islamic International Rating Agency (Bahrain). It was […]