Practical Islamic Finance

Because the only Islamic Finance is Practical Islamic Finance

Message From Author

 

The Generous Quran in Surat Al-Baqarah [verse 111] says: “Say: Give me your proof if you are indeed truthful”

The point of this blog is not to get everything right from the first time. Rather, the point is to motivate the critical interrogation of financing products that claim to be Islamic.

I encourage readers to seek the opinions of multiple sources and adopt what they are most convinced of. A founding principle of Islam is that each person is responsible for his or her own actions and that everyone must answer for themselves on the day of judgment. I cannot assume responsibility for your actions so be sure you can make a strong argument for whatever you do before you do it. May Allah, All glory be to Him, reward you for seeking knowledge and forgive me if I have erred in my opinions.

Sincerely,

Rakaan Kayali

practicalislamicfinance@gmail.com

 

“The seeker after truth is not one who studies the writings of the ancients and, following his natural disposition, puts his trust in them, but rather the one who suspects his faith in them and questions what he gathers from them, the one who submits to argument and demonstration and not the sayings of human beings whose nature is fraught with all kinds of imperfection and deficiency. Thus the duty of the man who investigates the writings of scientists, if learning the truth is his goal, is to make himself an enemy of all that he reads, and, applying his mind to the core and margins of its content, attack it from every side. he should also suspect himself as he performs his critical examination of it, so that he may avoid falling into either prejudice or leniency.”

-Mathematician, astronomer, and physicist Ibn Al-Haytham

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