Harmonization of Modern Investment with Shari'ah Standard

The modern investment system had been serving both Muslim and non-Muslim with common benefits. Though some aspects of the Modern investment system are contrary to the principles and spirit of Shari’ah, but several technicalities of it are indeed in harmony with the Shari’ah standard. Because of some issues of modern system contradict the spirit of Shari’ah it may be unfair to generalise the Modern investment system as un-Islamic. Shari’ah standard of investment system is purely based on the Divine rulings, which do not in reality reject the practicality of some issues or procedures of Modern investment system, so long one is in harmony with the spirit and principles of Divine standard. Islamic investment system in the contemporary practicality is an able alternative parallel solution provider...

Read the rest of this entry »

Cooperative Micro-finance: a debt-free mechanism

The world of today had been suffering un-repairable damages due to debt-based economy with risk transferring techniques, which give one an opportunity to gain at the expense of others by diminishing the spirit of eco-democracy thus, fails to guarantee an eco-peace in today’s world of humanity. Such a debt-based mechanism enriches the riches with opportunities while closing the door of poor by depriving them from enjoying with true eco-democracy.To rescue the world humanity from an unjust treatment through debt-based economy CMF a debt-free asset based mechanism with risk sharing technique is timely, which may be among the right alternative moves to day to facilitate a sustainable “Debt-free 3rd World Development with true democracy to peace for all” with result oriented achievement by creating...

Read the rest of this entry »

Wealth Management as a Micro-investment Strategy

Wealth plays an important role in human life. It is the subject matter of trade and other business transactions such as sales. Wealth can be in many forms. It can be in the form of money to some people and to other it can be in the form of property like houses, cars and lands. In order for men to obtain this wealth he has to work hard because it does not come like that, even though some times it can be inherited. In Islam wealth is known as “mal”. In Islam something can be recognized as mal or wealth only when it satisfies the following conditions that are only when you possessed, secured it or stored it. For example, the birds in the sky, the minerals underground and the fish in the river are not recognized as wealth in the Islamic perspective. Only when you have possessed, secured and...

Read the rest of this entry »

Cooperative Micro-bond (Sukuk) in National Development Scheme

To day, the world witnesses that, the eco-globe had been dominated by debt-based economy with risk transferring mechanisms. Factually, today the debt-based economy failed to rescue the world with material self-reliant and prosperity. Alternatively, an asset-based economy with risk sharing techniques may be a guaranteed platform to direct the world with economic prosperity ahead. It is had been a common culture of any nation particularly among the 3rd world countries, relying on borrowing habits towards any form of development be one either private or government’s project, resulting the nation carry the life-long debt curse, which eventually compels the nation and its citizens tying their necks in to paying the price of liability and thus, darkens the future of the nation as...

Read the rest of this entry »