KembaraXtra – Islamic Banking – Linking Dual Payment Systems with Muqasah (Islamic) and Non-Muqasah (Conventional) Settlement
KembaraXtra – Islamic Banking – Linking Dual Payment Systems with Muqasah (Islamic) and Non-Muqasah (Conventional) Settlement In a dual-banking system, Islamic and conventional banks operate side by...
KembaraXtra – Islamic Banking – Introduction-Shari’ah-Compliant Stocks
KembaraXtra – Islamic Banking – Introduction -Shari’ah-Compliant Stocks Shari’ah-compliant equity investment is founded on the Islamic principle of equity participation, which closely resembles a partnership arrangement known as Musharakah. Under this
KembaraXtra – Islamic Banking – Introduction- Islamic Financial System (IFS) in Operation
KembaraXtra – Islamic Banking – Introduction- Islamic Financial System (IFS) in Operation All financial systems perform two fundamental functions: mobilising surplus funds from economic agents and institutions, and allocating those funds to deficit units
KembaraXtra – Islamic Banking – Introduction-Indirect Financing System
KembaraXtra – Islamic Banking – Introduction-Indirect Financing System (a) Products Available The indirect financing system, also referred to as the financial intermediation process, is a core component of the Islamic Financial System (IFS). In this sy
KembaraXtra – Islamic Banking – Introduction-Direct Financing
KembaraXtra – Islamic Banking – Introduction-Direct Financing The development of capital markets provides an alternative mechanism for financial intermediation known as direct financing. Unlike indirect financing, where funds are channelled through finan
KembaraXtra – Islamic Banking – Introduction-The Role of the Islamic Capital Market (ICM)
KembaraXtra – Islamic Banking – Introduction-The Role of the Islamic Capital Market (ICM) Simple definitions Capital market: A capital market is a financial market where long-term funds are raised and traded through instruments such as shares, Sukuk, an
KembaraXtra – Islamic Banking – Islamic Mutual Funds
KembaraXtra – Islamic Banking – Islamic Mutual Funds Islamic mutual funds, also known as Islamic unit trust funds, are collective investment schemes that consist exclusively of Shari’ah-compliant securities and are managed in accordance with Islamic pr
KembaraXtra – Islamic Banking – Islamic Sukuk and Asset-Backed Securities
KembaraXtra – Islamic Banking – Islamic Sukuk and Asset-Backed Securities The Islamic Capital Market (ICM) facilitates the issuance and trading of long-term Shari’ah-compliant securities that are linked to real assets and future income streams. One of
KembaraXtra – Islamic Banking – Islamic Money Market Short-Term Financial Products
KembaraXtra – Islamic Banking – Islamic Money Market Short-Term Financial Products Unlike the Islamic Capital Market (ICM), which focuses on long-term financing instruments, the Islamic Money Market (IMM) is designed for short-term financial instruments
KembaraXtra – Islamic Banking – Islamic Derivative Instruments
KembaraXtra – Islamic Banking – Islamic Derivative Instruments A derivative is a financial instrument whose value is derived from the value of an underlying asset, such as shares, commodities, currencies, or profit rates. Common examples include the righ