KembaraXtra – Islamic Finance-Islamic Banking-Loan Stock
KembaraXtra – Islamic Finance-Islamic Banking-Loan Stock Loan stock refers to a form of long-term borrowing where a company raises funds by issuing loan stock certificates to investors. These certificates represent a debt obligation, meaning the company
KembaraXtra – Islamic Banking-Quasi-Equity Investment
KembaraXtra – Islamic Banking-Quasi-Equity Investment Quasi-equity investment is a form of financing that has features of both equity and debt, but is not pure equity ownership. It gives the investor a return linked to the performance of the business whi
KembaraXtra – Islamic Banking-The Meaning of Fiqh
KembaraXtra – Islamic Banking-The Meaning of Fiqh Fiqh means laws governing human deeds Defined as: Understanding laws relating to human actions Laws derived from their respective evidences Evidences of fiqh: Specific verses of the Qurʾān Sunnah of the
KembaraXtra– Islamic Banking- Meaning of Shariah
KembaraXtra– Islamic Banking- Meaning of Shariah Sharīʿah Framework in Banking Fundamentals of Sharīʿah Meaning of Sharīʿah Derived from Arabic root sharaʿa Literal meanings: To open something To open a path or door leading to a street Related term m
KembaraXtra – Islamic Banking-Contracts According to Their Purpose in Islamic Law
KembaraXtra – Islamic Banking-Contracts According to Their Purpose in Islamic Law Islamic contracts (ʿUqūd) are classified based on their main purpose. The diagram shows how Sharīʿah groups contracts according to what they are intended to achieve, such
KembaraXtra-Islamic Finance-Islamic Capital Market -Bull and Bear Markets
KembaraXtra-Islamic Finance-Islamic Capital Market -Bull and Bear Markets – Bull and bear markets represent two fundamental trading ideologies used to describe overall market conditions. • Bull Market – A bull market is characterised by a general and s
Kembaraxtra-Islamic Finance- Islamic Capital Market -Mudarabah (Trust Financing)
Kembaraxtra-Islamic Finance- Islamic Capital Market -Mudarabah (Trust Financing) Mudarabah is a trust-based financing contract used in Islamic finance, where the relationship between the parties is founded on mutual trust, transparency, and pre-agreed
KembaraXtra-Islamic Banking – Linking the Cheque Payment System with Normal (Non-Muqasah) Settlement
KembaraXtra-Islamic Banking – Linking the Cheque Payment System with Normal (Non-Muqasah) Settlement The diagram shows how a cheque payment moves through a conventional payment system. Below is how the...
KembaraXtra-Islamic Banking – Linking the Cheque Payment System with Muqasah (Set-off)
KembaraXtra-Islamic Banking – Linking the Cheque Payment System with Muqasah (Set-off) The diagram shows the life cycle of a cheque payment in a payment system. In Islamic banking, this same process...
KembaraXtra – Islamic Banking – Example of Shari’ah-Compliant Payment System (Muqasah / Set-off)
KembaraXtra – Islamic Banking – Example of Shari’ah-Compliant Payment System (Muqasah / Set-off) A Shari’ah-compliant payment system follows the same purpose as a conventional system, which is to settle payments between parties. However, instead of allo