Enhancing Islamicity with Fintech: Case of the Investment Account Platform (IAP) – II

The Investment Account Platform (IAP) is an internet-based multibank platform. It provides for an engine for efficient mobilization of funds. It offers new risk-reward concepts that is expected to benefit investors and entrepreneurs. So far, IAP has 7 partner banks, and has raised over USD 50 million from 300 plus investors for 13 projects. The…

Enhancing Islamicity with Fintech: Case of the Investment Account Platform (IAP) – I

The purpose of an Islamic financial system is to mobilize funds from savings-surplus units and allocate the same among savings-deficit units in the economy and to do this in accordance with the goals of the Shariah. Taking the Malaysian example, one may observe that the contracts/products involved in the process have changed over time. From…

Awqaf’s Un-calculated Risks

Awqaf organisations, notwithstanding their religious and social objectives, in order to fulfill and promote their social mission, often find it necessary to expand their revenue base by actively engaging in commercial activities and investment. This means that in addition to the sector-specific risk determinants, awqaf are exposed to much of the same risks that affect…