New Horizon

(Issue 52)

Comment

Financing Purchase of Residential Properties in UK & Europe

Feature Issues in Islamic Leasing
At the Institute's monthly lecture, Derek Weist, Asset Manager, Islamic Investment Banking Unit of the United Bank of Kuwait highlights the various issues relating to leasing in accordance with the Shariah.
Investments
Futures, Options, Swaps and Equity Investments
A number of financial contracts are in use by conventional banks including; Futures, swaps and direct and indirect equity investments. To clarify how far such contracts are permissible under the Shariah, hypothetical questions were formulated and referred to eminent jurist Justice Mufti Muhammad Taqi Usmani.
Takaful The Concept and Operational System of Takaful Business
Mohammad Fadzli Yusof describes the issues relating to General Takaful Business and the different Takaful schemes available. In this second and concluding part, he also highlights the uses of underwriting in Islamic insurance.
Islamic Finance
IDB Approves New Finances for more than US $197 million
The Board of Executive Directors of the Islamic Development Bank approved new finances for more than US $197 million in favour of a number of member countries and Muslim communities in non-member countries.
Corporate Profile

Dar Al-Maal Al-Islami - Annual Report 1995
Expecting an economic upswing as the progress in investment banking and corporate finance continues, Dar Al-Maal Al-Islami (DMI Trust), has set about restructuring in order to adapt to the better market conditions.

IIBI Forum

IIBI Shariah Scholars provide answers to questions and issues pertinent to Islamic banking

IIBI News

Report on Institutes Activities

News Monitor

New Horizon reports on recent developments within the Islamic financial world