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The primary sources of Islamic laws

The article explains the primary sources of Islamic laws. It helps to understand how Shariah rulings are derived for Islamic transactions. The post The primary sources of Islamic laws appeared first...

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Introduction to Islamic Finance

In this article, we bring you the introduction to Islamic Finance and what are the prohibited elements in Islamic Finance. The post Introduction to Islamic Finance appeared first on TheAccSense.

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The secondary source of Islamic laws

Follow this article to understand the secondary sources of Islamic laws. These sources are important to address many contemporary issues in Islamic Finance. The post The secondary source of Islamic...

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Islamic Finance: Zakat in Malaysia

Zakat or alms-giving is one of the obligatory acts or religious duty upon Muslims. The obligation for zakat for Muslims is commanded by Allah in many verses in the Al-Quran. Al-Quran is one of the...

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SC Malaysia releases Shariah Screening Assessment Toolkit for the Unlisted MSMEs

SC Malaysia in its ongoing efforts to enhance the ecosystem has released Shariah Screening Assessment Toolkit, it has total of 6 questions. The post SC Malaysia releases Shariah Screening Assessment...

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The importance of Shariah Screening in Islamic Finance 

The article shares what is Shariah screening, the methodology and the benchmarks used to screen companies whether they are as Shariah-compliant. The post The importance of Shariah Screening in Islamic...

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Financial Reporting for Waqf Institutions: What’s there?

In this article, we bring you the summary of key financial reporting requirements for Waqf institutions under the newly released AAOIFI FAS 37. The post Financial Reporting for Waqf Institutions:...

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An Overview of Islamic Contract: Murabahah

Murabahah is a common sale-based contract used in Islamic financial transactions. The post An Overview of Islamic Contract: Murabahah appeared first on TheAccSense.

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An Overview of FAS 38: Accounting for Wa’ad, Khiyar and Tahawwut

Explanation of financial accounting requirements for Wa’ad, Khiyar and Tahawwut transactions under AAOIFI FAS 38. The post An Overview of FAS 38: Accounting for Wa’ad, Khiyar and Tahawwut appeared...

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An Overview of Mudharabah and Musyarakah Contracts

Overview on the Islamic profit sharing contracts - Mudharabah and Musyarakah in Islamic Finance products. The post An Overview of Mudharabah and Musyarakah Contracts appeared first on TheAccSense.

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Ijarah Contract: An Overview of Islamic Lease

Understand what is Ijarah, how it works and the application of this Islamic lease-based contract in Islamic Finance. The post Ijarah Contract: An Overview of Islamic Lease appeared first on TheAccSense.

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