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TL/DR: Reading Time: 4 minutes5 Red Flags to Spot Fraudulent Islamic Finance Products.
The growing demand for Islamic finance in Australia has led to the rise of various products claiming to offer halal finance structures. However, not all of these offerings are truly Sharia compliant. To help you protect your wealth and uphold your values, here are five red flags to avoid when evaluating Islamic loans in Australia or other halal finance solutions.
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TL/DR: Reading Time: 4 minutesUnderstanding Islamic Finance Principles and Islamic Loans in Australia.
This comprehensive guide explores the foundations of Islamic finance and how it provides a Sharia compliant Islamic loan alternatives to conventional banking, particularly for home ownership in Australia
What is Islamic Finance?
TL/DR: Reading Time: 2 minutesIslamic finance is a system that aligns with sharia compliant principles, offering ethical and interest-free financial solutions. It has its origins in the early days of Islam and is based on the teachings of the Quran and Sunnah. Origins of Islamic Finance Historical Background Islamic finance dates back to the time of Prophet Muhammad (Peace […]
Understanding Tawarruq: A Key Islamic Finance Structure
TL/DR: Reading Time: 2 minutesTawarruq is a unique Islamic finance structure that is sharia compliant and increasingly used in Australia and around the world. It provides a way to obtain cash without involving interest, which is prohibited in Islamic finance. What is Tawarruq? Tawarruq involves purchasing a commodity for a deferred price and then selling it to a third […]
How Does Islamic Finance Work?
TL/DR: Reading Time: 2 minutesUnderstanding Murabaha: A Key Islamic Finance Structure Murabaha is a popular Islamic finance structure that is sharia compliant and widely used in Australia and around the world. It offers a way to finance purchases without involving interest, which is prohibited in Islamic finance. What is Murabaha? Murabaha is a type of sale where the seller […]