Podcast
Questions and Answers
What did the Prophet (pbuh) advise the Arab Bedouin in the hadith mentioned?
What did the Prophet (pbuh) advise the Arab Bedouin in the hadith mentioned?
- Leave the camel untied and trust in Allah
- Sell the camel for profit
- Untie the camel and trust in Allah
- Tie the camel and trust in Allah (correct)
What concept does risk management have its root in?
What concept does risk management have its root in?
- Ijma
- Quran
- Fiqh
- Hadith (correct)
What is the significance of the hadith about trading the money of orphans?
What is the significance of the hadith about trading the money of orphans?
- Highlights the importance of paying zakah
- Emphasizes preserving and growing wealth (correct)
- Discourages investment
- Encourages embezzlement
What does the hadith about trading the money of orphans teach about financial transactions?
What does the hadith about trading the money of orphans teach about financial transactions?
How does the hadith regarding tying the camel relate to Islamic principles of risk management?
How does the hadith regarding tying the camel relate to Islamic principles of risk management?
What did Abbas ibn Abdul Muttallib stipulate to avoid risk in his mudarabah business?
What did Abbas ibn Abdul Muttallib stipulate to avoid risk in his mudarabah business?
What did Rasulullah (p.b.u.h.) do when he heard about the conditions set by Abbas ibn Abdul Muttallib?
What did Rasulullah (p.b.u.h.) do when he heard about the conditions set by Abbas ibn Abdul Muttallib?
What is one purpose of permitted conditions in mudarabah business according to the text?
What is one purpose of permitted conditions in mudarabah business according to the text?
What do well-documented contracts help in enhancing according to the text?
What do well-documented contracts help in enhancing according to the text?
In the context of the text, what role does the hadith regarding Abbas ibn Abdul Muttallib play?
In the context of the text, what role does the hadith regarding Abbas ibn Abdul Muttallib play?
What does Al-Ghazali define maqasid al-Shari’ah as?
What does Al-Ghazali define maqasid al-Shari’ah as?
Why is conforming to Shariah principles important in risk management?
Why is conforming to Shariah principles important in risk management?
Why is efficient risk management crucial according to the Qura’nic verses mentioned?
Why is efficient risk management crucial according to the Qura’nic verses mentioned?
What is the significance of well-documented contracts in Islamic risk management?
What is the significance of well-documented contracts in Islamic risk management?
Why is trust emphasized in financial transactions according to the text?
Why is trust emphasized in financial transactions according to the text?
What did Johnson describe risk as in his article?
What did Johnson describe risk as in his article?
In Islamic finance, what is a common phenomenon that individuals or companies face?
In Islamic finance, what is a common phenomenon that individuals or companies face?
According to Jorion and Khoury, what is risk defined as?
According to Jorion and Khoury, what is risk defined as?
Which factor may companies with long-term investments experience during a crisis?
Which factor may companies with long-term investments experience during a crisis?
What kind of risk cannot be avoided, according to the text?
What kind of risk cannot be avoided, according to the text?
What is a common practice for export-oriented companies to minimize the risk of fluctuating exchange rates?
What is a common practice for export-oriented companies to minimize the risk of fluctuating exchange rates?
Why is it important for Islamic capital markets to have explicit and transparent methods for minimizing risk?
Why is it important for Islamic capital markets to have explicit and transparent methods for minimizing risk?
What is the key role of risk management strategies in Islamic financial sectors?
What is the key role of risk management strategies in Islamic financial sectors?
What is one of the main objectives of Shari’ah, as mentioned in the text?
What is one of the main objectives of Shari’ah, as mentioned in the text?
How does sound risk management benefit both markets and investors according to the text?
How does sound risk management benefit both markets and investors according to the text?
Why does Islamic commercial law require witnesses in financial agreements?
Why does Islamic commercial law require witnesses in financial agreements?
What is the core objective of attestation in Islamic commercial law according to the text?
What is the core objective of attestation in Islamic commercial law according to the text?
In Islamic commercial law, why is it permissible for a creditor to receive collateral during a journey when a debt is involved?
In Islamic commercial law, why is it permissible for a creditor to receive collateral during a journey when a debt is involved?
How does the aforementioned verse emphasize the importance of trust in financial transactions?
How does the aforementioned verse emphasize the importance of trust in financial transactions?
What is the significance of risk management in financial transactions based on the text?
What is the significance of risk management in financial transactions based on the text?
What did Prophet Yusuf advise the king of Egypt to do in order to manage the risk of the upcoming drought?
What did Prophet Yusuf advise the king of Egypt to do in order to manage the risk of the upcoming drought?
What is required in a financial transaction according to the Quranic verse mentioned?
What is required in a financial transaction according to the Quranic verse mentioned?
What is the significance of having a scribe write down financial transactions according to the Quranic verse?
What is the significance of having a scribe write down financial transactions according to the Quranic verse?
In the context of risk management, why is it important to fear Allah while entering into financial agreements?
In the context of risk management, why is it important to fear Allah while entering into financial agreements?
What role does a guardian play in a financial agreement according to the Quranic verse mentioned?
What role does a guardian play in a financial agreement according to the Quranic verse mentioned?
Why is it important to write down financial transactions according to the content provided?
Why is it important to write down financial transactions according to the content provided?
How did implementing Prophet Yusuf's advice help Egypt survive the seven years of drought?
How did implementing Prophet Yusuf's advice help Egypt survive the seven years of drought?
Why is it crucial for both parties to be involved in documenting financial transactions?
Why is it crucial for both parties to be involved in documenting financial transactions?
What is the primary purpose of contracting parties attesting to a debt for a specified term according to the Quranic verse?
What is the primary purpose of contracting parties attesting to a debt for a specified term according to the Quranic verse?
In managing risks, how does having witnesses involved benefit financial agreements?
In managing risks, how does having witnesses involved benefit financial agreements?
What is one of the reasons that shari'ah scholars may need to reconsider their fatawa on the sale of shares?
What is one of the reasons that shari'ah scholars may need to reconsider their fatawa on the sale of shares?
From a legal and practical viewpoint, if shares are not asset-backed, what issue might arise in the transaction?
From a legal and practical viewpoint, if shares are not asset-backed, what issue might arise in the transaction?
In terms of Islamic jurisprudence, which school seems to provide leeway for the sale of shares if certain conditions are met?
In terms of Islamic jurisprudence, which school seems to provide leeway for the sale of shares if certain conditions are met?
What is one key point made about the nature of shares from an accounting perspective?
What is one key point made about the nature of shares from an accounting perspective?
What concept discussed in the text suggests that 'urf, or customs, should be taken into account when considering the sale of shares?
What concept discussed in the text suggests that 'urf, or customs, should be taken into account when considering the sale of shares?
What is a condition set by shari’ah scholars for firms developing Islamic index?
What is a condition set by shari’ah scholars for firms developing Islamic index?
Why do shari’ah scholars suggest reviewing the accounts of subsidiary companies?
Why do shari’ah scholars suggest reviewing the accounts of subsidiary companies?
What does the Insolvency Act 1986 state about shareholders' entitlement to residual assets?
What does the Insolvency Act 1986 state about shareholders' entitlement to residual assets?
What provision can act as a safety valve and a criterion for accepting companies on an Islamic index?
What provision can act as a safety valve and a criterion for accepting companies on an Islamic index?
Why do Shari’ah auditors need to know the nature of share transactions?
Why do Shari’ah auditors need to know the nature of share transactions?
What is the main feature of Islamic finance mentioned in the text?
What is the main feature of Islamic finance mentioned in the text?
When were the earliest criteria for creating an Islamic Share Index formulated?
When were the earliest criteria for creating an Islamic Share Index formulated?
What is the purpose of Islamising the stock market indexes mentioned in the text?
What is the purpose of Islamising the stock market indexes mentioned in the text?
What is a significant characteristic of the FTSE Islamic Index?
What is a significant characteristic of the FTSE Islamic Index?
Why have shari’ah scholars established specific criteria for selling shares on the stock exchange?
Why have shari’ah scholars established specific criteria for selling shares on the stock exchange?
What is the main point being made regarding shares and their ownership rights?
What is the main point being made regarding shares and their ownership rights?
Why is it important to convert 'urf into a shari’ah condition when dealing with shares?
Why is it important to convert 'urf into a shari’ah condition when dealing with shares?
How can shari’ah audits of international equity funds benefit buyers of shares?
How can shari’ah audits of international equity funds benefit buyers of shares?
How can establishing an Islamic Securities House help mitigate risks in the stock exchange market?
How can establishing an Islamic Securities House help mitigate risks in the stock exchange market?
What is suggested as a way to improve the filtering criteria for purchasing shares?
What is suggested as a way to improve the filtering criteria for purchasing shares?
What is the main reason for using filters in Islamic finance for shares?
What is the main reason for using filters in Islamic finance for shares?
Why is it important for Islamic finance to consider regulations, fiqh issues, and investment appraisal?
Why is it important for Islamic finance to consider regulations, fiqh issues, and investment appraisal?
Why does the text mention that statistics should compare like-with-like in Islamic finance analysis?
Why does the text mention that statistics should compare like-with-like in Islamic finance analysis?
In Islamic finance, what is the significance of relying on liquidation aspects to substantiate the asset-backed position of shares?
In Islamic finance, what is the significance of relying on liquidation aspects to substantiate the asset-backed position of shares?
What does the text suggest about the dichotomy between secular and Islamic legal systems in the context of Islamic finance?
What does the text suggest about the dichotomy between secular and Islamic legal systems in the context of Islamic finance?
What does the legal maxim 'majority deserves to be treated as the whole of things' imply in the context of Islamic finance?
What does the legal maxim 'majority deserves to be treated as the whole of things' imply in the context of Islamic finance?
Why is the proportion of illiquid assets important in asset-backed transactions according to the text?
Why is the proportion of illiquid assets important in asset-backed transactions according to the text?
What is the significance of the condition that the price of a combination should exceed the value of its liquid amount in Islamic finance?
What is the significance of the condition that the price of a combination should exceed the value of its liquid amount in Islamic finance?
In Islamic finance, why is it important for companies to limit interest (or unlawful gains) to less than 5% of total revenue?
In Islamic finance, why is it important for companies to limit interest (or unlawful gains) to less than 5% of total revenue?
What financial criterion must a company meet to be included in an Islamic share index according to the text?
What financial criterion must a company meet to be included in an Islamic share index according to the text?
What shift is highlighted in the text regarding ownership and liability?
What shift is highlighted in the text regarding ownership and liability?
What is the main legal consequence of differentiating between personal shareholder rights and company real rights?
What is the main legal consequence of differentiating between personal shareholder rights and company real rights?
Why is covering the concept of dealing in shares and stock market important in academic debates?
Why is covering the concept of dealing in shares and stock market important in academic debates?
What aspect of companies needs to be considered to be listed on the London Stock Exchange according to the text?
What aspect of companies needs to be considered to be listed on the London Stock Exchange according to the text?
What additional research area does the text suggest beyond fiqh and legal aspects of shares and corporations?
What additional research area does the text suggest beyond fiqh and legal aspects of shares and corporations?
What concept has not been thoroughly debated in academic works regarding shares and corporations?
What concept has not been thoroughly debated in academic works regarding shares and corporations?
What proposed model has not been discussed according to George (2003) in the text?
What proposed model has not been discussed according to George (2003) in the text?
Why is it important to differentiate between personal shareholder rights and company real rights?
Why is it important to differentiate between personal shareholder rights and company real rights?
Why is it essential for investors to be protected and investments canalized in the proper Islamic direction?
Why is it essential for investors to be protected and investments canalized in the proper Islamic direction?
What area warrants parallel research along with the fiqh and legal aspects of shares?
What area warrants parallel research along with the fiqh and legal aspects of shares?