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 […]

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.

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: […]

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 […]

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 […]

In Salam, the seller undertakes to supply specific goods to the buyer at a future date in exchange for an advanced price fully paid at the spot. The payment is at the spot but the supply of purchased goods is deferred. Purpose of use: This mode of financing can be used by modern banks and […]

Hadiths e-Qudsi ”Allah Subhan-o-TaIIah has declared that He will become a partner in the business between two Mushariks until they indulge in cheating or breach of trust (Khayanah).” In another Hadiths-e-Qudsi, it is stated: “Allah’s hand is with both the partners unless any one of them indulges in cheating and when any one of them […]

The concept of Diminishing lsharakah Another form of Musharakah, developed in the near past, is the ’Diminishing Musharakah’. According to this concept, a financier and his client participate either in the joint ownership of a property or equipment or in a joint commercial enterprise. The share of the financier is further divided into a number […]