Source : IBFIM| 28 May 2013
The principles of Islamic Shari'ah governing commercial and financial transactions are extraordinary complex and elegantly simple
Bai` Bithaman Ajil
A contract of sale and purchase for the financing of an asset on a deferred payment and installment basis with a pre agreed payment period. The sales price includes a profit margin.
Source : Mark S. Luckie | The Washington Post
14 Jun 2011
Want to know the difference between hajj and halal? Here is a short glossary of some of the most commonly used words and phrases in Islamic religion and culture.
Allah
The Arabic word for God.
Hadith
A traditional account of things said or done by Muhammad recorded by his followers, commonly taught as a part of Islamic theology.
hajj