Islamic Finance, Investments and Insurance
By Jim Robinson

 Islamic Finance, Investments and Insurance

Shariah Compliant Loans and Mortgages
There are approximately 1.5 billion Muslims worldwide, making Islamic banking one of the fastest growing segments of the financial industry. About half of Islamic borrowers are immigrants and half were born in the United States. They come from a variety of backgrounds: African-American, Arab, Pakistani and Iranian are among the most common. All share a common tongue, Arabic, in religious matters.  It there is any thing that draw consensus in Islam among the Ulema (educated class of Muslim legal scholars) it is the condemnation of Interest. Yet all vibrant and growing economies use interest as a tool to attract money and capital. Gain Full Insight on Shariah Compliant Loans and Mortgages

Takaful or Islamic Insurance
Financial Services Professionals serving multicultural markets and clients will encounter Takaful or Islamic Insurance. Takaful originates from Arabic word Kafalah, which means “guaranteeing each other or joint guarantee”. In principle, the Takaful system is based on mutual co-operation, responsibility, assurance, protection and assistance between groups of participants. It is a Shariah compliant alternative to conventional insurance. In the United States and the United Kingdom we use conventional insurance for our population’s personal and commercial wealth protection. The Islamic countries use Takaful. Under Takaful, policyholders agree to jointly indemnify each other against loss or damage, thereby offering crucial protection against risk while at the same time being Shariah compliant. Takaful (Islamic insurance) is set for strong growth as the world populations experience growth in personal wealth and assets. The need to protect this growth in an absolute Shariah compliant manner is why Takaful (Islamic insurance) has become a robust industry. Gain Full Insight on Takaful or Islamic Insurance   Also Check Out This Helpful List of Takaful Insurance Operators and Companies

Islamic Investing
There are approximately 1.5 billion Muslims worldwide. Islamic investing is quickly becoming very popular worldwide. Over 7 million Muslims live in the US, half of which make $50,000 according to a recent survey by Zogby International. This is above the USA national average. American Muslims as well as millions around the world want investment alternatives that meet their needs.

Shariah Compliant Investing
As we mentioned earlier..If there is any thing that draw consensus in Islam among the Ulema (educated class of Muslim legal scholars) it is the condemnation of Interest. Yet all vibrant and growing economies use interest as a tool to attract money and capital. For a detail discussion, go to the Islamic Finance page.  Corporations in the Muslim world, including banks and other lending institutions, raise capital in accordance with Shari'ah, or Islamic law. Equity financing of companies is permissible. This requires portfolio managers to follow a specific  Islamic investment policy, be it for the institutional or individual investor which originates with a  Shari'ah Board, a group of Islamic scholars (jurists) that vests investment products for compliance with Islamic Law and conducts ongoing due diligence of them. Gain Insight on Permissible Types Of Investment For Islamic Investing

We hope this article has been helpful in getting you comfortable with Islamic Finance, Mortgages, Investments and Insurance.