Discover the essentials of Islamic Structured Deposits, their principled investment framework, and how they can offer a balance of capital protection and potential for enhanced returns.
Explore how Islamic Dual Currency Investments (IDCIs) provide a Shariah-compliant pathway for optimising returns while diversifying your portfolio. Learn how Maybank’s Islamic Wealth Management solutions can help you achieve your financial goals through tailored advisory and innovative investment options.
In our first session of Muamalat Essentials, we explored the Islamic perspective on wealth, the objectives of Shariah (Maqasid al-Shariah), and the evolution of economic systems. We discussed how Islam encourages wealth accumulation as a means of strengthening the Ummah, while also setting ethical boundaries to prevent harm.
Prohibited Kinds of Transactions Part IV: Contracts & Defective Returns Introduction The validity and ethical considerations of any kind of
Prohibited Kinds of Transactions Part III Introduction Part III continues from the previous article, “Some Prohibited Kinds of Transactions Part
#10 Some Prohibited Kinds of Transactions Part II: Either-or Sales, Sales with Extraneous Stipulations, Sales with Valid Stipulations, Paying Nonrefundable
Lesson 8: Services, Right People and Entrepreneurship Introduction In this article, we explore Lesson 8 of the Messenger Money Morals
#9 Transacting Gold & Silver Part III & Some Prohibited Kinds of Transactions Part I: Selling the Offspring of Expected
Lesson 7: Trade Goods, Payment, and Payment Ethics in Islamic Finance Introduction In Islam, financial transactions follow ethical guidelines derived
#8 – Transacting Gold & Silver Part II Introduction This article continues from ‘Umdatus Salik #7 – Usurious Gain (Riba)
Singapore’s Islamic finance ecosystem is undergoing a dynamic transformation, propelled by ground-up initiatives, strategic innovation, and cross-sector collaboration. In 2024, the industry achieved significant milestones, including the second Singapore Islamic Finance Forum (SIFF), which established five key resolutions to enhance talent development, regulatory collaboration, public literacy, Shariah governance, and the prioritization of Shariah-compliant products.
With 11 new product launches in 2024 spanning banking, asset management, and fintech, institutions like Maybank Singapore and innovative platforms such as RizqX and GivingFridays.com have redefined financial solutions tailored to the modern Muslim community. Looking ahead, 2025 promises an even brighter horizon, with 9 products in the pipeline, the establishment of the Singapore Islamic College, and the Johor-Singapore Special Economic Zone (SEZ) set to enhance regional collaboration.
This report captures the achievements of 24 key players, showcasing how Singapore’s Islamic finance sector laid a strong foundation in 2024 to emerge as a regional hub of innovation, inclusivity, and sustainability in 2025 and beyond.
Financing, Sales, and Transactions Financing vs Trading The table as follows illustrates the differences between finance and trading. Financing Trading
#7 Usurious Gain (Riba): Transacting Gold and Silver Part I Introduction This article explains the rules of riba (usurious gain)
Time, Barakah, and Financing Introduction Time management is often considered important, and according to Mufti Faraz, “The key to taking
Usurious gain or interest (Riba) is one of the main prohibitions in Islamic transactions. This article illustrates how riba applies to trading food, gold, and silver. It examines the rulings that make the transactions valid and acceptable under the Shariah law. The purpose is to help ensure that trade in Islam is fair, clear, and Shariah-compliant.
TLDR: This 2025 guide provides essential financial planning advice for Singaporeans at every life stage. It covers building a strong
#5 The Things Exchanged in a Transaction Part II: Lawful Disposal Over the Property, Being Determinately Known Introduction Islamic transactions
Approaches to Islamic Finance and The 14 Qur’anic Principles Introduction Numerous principles in the Qur’an address fiqh muamalat (فقه المعاملات)
#4 Stipulating an Option to Cancel Period & The Things Exchanged in a Transaction Introduction The article explores key concepts
Wealth in Islam and Intentions in Islamic Finance How much wealth is okay? Wealth is a resource that is given
Discover Halal investing with Maybank — Grow your wealth with our Islamic investment funds, thoughtfully designed to diversify your portfolio and meet global Shariah standards, all while putting your financial well-being first.
Singapore’s Islamic finance sector is set for significant growth in 2024, bolstered by rising awareness and educational initiatives. Key developments include strategic regional partnerships, such as the MoU with Malaysia, and anticipated product launches. As Southeast Asia’s market for Islamic financing expands, Singapore is well-positioned to capitalize on emerging opportunities.
In part one of the second lesson in Messenger’s Money Morals, we begin by delving into one of the primary sources we will explore: Sahih al-Bukhari. This foundational text forms a cornerstone of the course, as we seek to understand how our beloved Prophet Muhammad ﷺ might and would have responded to the challenges of our modern era. Studying the history of the author is also a nod to traditional Islamic sciences, allowing us to gain blessings and renew our commitment as we engage with the vast wealth of Islamic knowledge available.
In the third paragraph of the book on Sale (كتاب البيع), the scholar, Imam Naquib Al Misri, summarises the options of both the buyer and seller when it comes to cancelling the sale. Imam Naquib also expands on the different scenarios such as the number of days the agreement can be cancelled, which party can have the right to cancel and what transactions should have immediate exchange of possessions. We delve further below:
