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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 […]

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 […]