Islamic Finance

Islamic Financial Activities in Singapore: Context and Developments in a Secular Country with a Muslim Minority Community

Discussions on Islamic finance often focus on the financial asset classes of Islamic banking, Islamic bonds (sukuk), Islamic funds, and Islamic insurance (takaful), especially in Muslim majority countries such as Malaysia and the Gulf Cooperation Council (GCC) nations – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE.

However, Islamic financial activities are also conducted by non-bank financial institutions. Further, finance in Islam goes beyond commercial transactions – almsgiving (zakat), for instance, is one of the five pillars of Islam and emphasizes the moral use of wealth to aid the needy and benefit society.

Read More »
IFSG Writers January 17, 2026
Islamic Financing in Singapore

Your Guide to Islamic Financing in Singapore

In finance, the term Shariah-compliant refers to products or services that follow ethical rules derived from Islamic principles. A simple way to understand this is by thinking about Halal in food. Just as Halal labels indicate that food is prepared in a special manner, Shariah compliance signals that a financial product upholds certain standards.

Read More »
IFSG Writers August 28, 2025
Notes from Turath & Todays : Muamalat Essentials

Turaths & Todays: Muamalat Essentials (Summary of Class #2)

This session explores key concepts in Islamic finance including the nature of Haqq (rights), classifications of Maal (wealth), the objectives of Maqasid Shariah, and the foundational principles of Ba’i (sales) and contracts. Through classical definitions and contemporary examples like crypto, NFTs, and online payments, students gain a deeper understanding of how Shariah governs financial transactions in both traditional and modern contexts.

Read More »
Muhammad Ridhwaan Bin Muhammad Radzi July 23, 2025
Maximising Wealth With Maybank's Islamic Dual Currency Investment

Maximising Wealth With Islamic Dual Currency Investment

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.

Read More »
Muhammad Ridhwaan Bin Muhammad Radzi February 21, 2025
Turaths & Todays: Muamalat Essentials Class #1 summary

Notes from Turaths & Todays : Muamalat Essentials Class #1

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.

Read More »
Muhammad Ridhwaan Bin Muhammad Radzi February 18, 2025

We are building a community!

And we want you to be part of it! Choose how you want to be notified:

Join our Telegram
Join our Email list