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In the Australian financial landscape, the strategic use of property equity stands as a pivotal approach to wealth augmentation. At Afiyah Islamic Finance, we are attuned to the nuances and potential of this strategy within the framework of Islamic finance. This blog delves into the use of property equity for investment, enriched with the principles […]
Gharar, also known as excessive uncertainty, is a concept in Islamic finance that refers to the presence of excessive ambiguity or uncertainty in a contractual agreement. It is considered undesirable because it can lead to unfairness, exploitation and disputes. In this blog, we explain everything you need to know about Gharar. What is Gharar? In […]
In Islam, Riba refers to the prohibition of interest or usury. The term Riba, derived from the Arabic word 'riba', means an increase or excess. It is considered unlawful and prohibited in Islamic finance and economic systems because it involves charging or paying interest on loans or debt. Riba is based on the principle that […]
Islamic finance contracts are agreements and contractual arrangements designed to comply with the principles and guidelines of Shariah law, the Islamic legal framework. These contracts are used in Islamic finance to facilitate transactions and financial activities that adhere to Islamic principles, which include the prohibition of interest (riba) and the promotion of ethical and socially […]
Dhul Hijjah is the 12th and final month of the Islamic lunar calendar. It is a significant month for Muslims worldwide, particularly because it is the month during which the annual Hajj pilgrimage takes place in Mecca, Saudi Arabia along with many other important religious observances. Dhul Hijjah is considered sacred and holds great religious […]
Wealth Management in Islam is a discipline within the realm of Islamic finance that focuses on managing and preserving wealth while adhering to the principles of Shariah. It seeks to ensure financial well-being and growth while upholding ethical guidelines and avoiding activities that are considered unlawful or prohibited in Islam. Islamic wealth management has several […]
Ijarah financing is a concept commonly utilised in Islamic finance that provides an alternative method of financing assets. Derived from the Arabic word "ijarah," which means lease or rent, involves a leasing agreement between two parties: the lessor (financier) and the lessee (customer). This arrangement allows individuals and businesses to access financing while adhering to […]
Islamic wealth management incorporates principles and guidelines derived from Islamic law, known as Shariah, which governs various aspects of Muslim life, including financial matters. It encompasses a range of practices that are designed to align with the principles of Islamic finance and are aimed at preserving and growing wealth while adhering to Islamic principles. These […]
Wealth management in Islam is a comprehensive approach to managing and growing an individual's or family's financial assets. It involves a range of financial services and strategies aimed at helping clients achieve their financial goals, preserve and grow their wealth, and also plan for the future. Wealth managers provide personalised advice and guidance on investments, […]
Sharia is an Arabic term that refers to the Islamic legal system that governs the religious, social, and moral aspects of a Muslim’s life. It is based on the teachings of the Quran and the Sunnah. Sharia covers a wide range of topics, including personal and family law, economics, politics, criminal law, and even ethics. […]