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Dow Jones Islamic Fund. The Iman Fund (symbol: IMANX) is an American faith based mutual fund that invests in Shariah compliant companies. The fund's 2000 inception catered to the needs of Muslim investors, who not only want to have a financially rewarding investment, but a Shariah compatible one as well. [1]
Islamic Relief Worldwide is a faith-inspired humanitarian and development agency which is working to support and empower the world's most vulnerable people.. Founded in the United Kingdom in 1984, Islamic Relief has international headquarters in Birmingham and a network of national offices, affiliated partners, registered branches and country offices spread over more than 45 countries.
The Dow Jones Islamic Market Index (DJIM), is a stock market index created for investors seeking investments using Islamic finance in compliance with Muslim Sharia law. The DJIM indices use a screening process to identify companies that are compliant with Shariah law. The screening process is conducted by an independent Shariah Supervisory ...
Islamic banking, Islamic finance ( Arabic: مصرفية إسلامية masrifiyya 'islamia ), or Sharia-compliant finance [1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit-sharing ...
While the original Islamic banking proponents hoped profit-loss sharing (PLS) would be the primary mode of finance replacing interest-based loans, long-term financing with profit-and-loss-sharing mechanisms is "far riskier and costlier" than the long term or medium-term lending of the conventional banks, according to critics such as economist Tarik M. Yousef.
International Organization for Relief, Welfare and Development (Welfare; Arabic: الهيئة العالمية للإغاثة والرعاية والتنمية), formerly known as the International Islamic Relief Organization or International Islamic Relief Organization of Saudi Arabia (IIROSA), is a charity based in Saudi Arabia founded by the Muslim World League in 1978.
The only significant distinction between the Islamic waqf and English trust was "the express or implied reversion of the waqf to charitable purposes when its specific object has ceased to exist", though this difference only applied to the waqf ahli (Islamic family trust) rather than the waqf khairi (devoted to a charitable purpose from its ...
The Islamic Development Bank ( Arabic: البنك الإسلامي للتنمية, abbreviated as IsDB) is a multilateral development finance institution that is focused on Islamic finance for infrastructure development and located in Jeddah, Saudi Arabia. [1] There are 57 shareholding member states with the largest single shareholder being ...
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