Waqf by Another Name

Branding, Vanity, or Substance? Mohammad Uz-Zaman, Chartered ALFBF, TEP This article was inspired by the International Waqf Conference in Mauritius, three days of genuinely valuable discussion earlier this year. My analysis complements research I have undertaken over several years into awqaf, an interest I have since formalised through ADL Research in a study entitled The […]

‘Islamic’ finance. Will it ever take off?

The current landscape of financial products can be overwhelming.  In today’s digitised, globalised economy, the ‘wealth’ (for want of a better word) of vocabulary alone is astonishing: ISAs; pensions; instant access savings; 120-day notice withdrawal accounts; relevant life cover; drawdown; flexible benefits…the list goes on. Throw into this pool the antiquated terminology of an ancient […]

Shaping finance through shariah: a layman’s observation

Faith and finance could not be any more dichotomous today, yet the UK is the leading western country and Europe’s premier centre for Islamic finance with US$19 BLN of reported assets. London lawyers have evolved skills and experience to become well versed in shariah-compliant contract law as well as financial instruments in order to service […]

Islamic Wills – Visited

According to Islamic law, when a husband dies, his wife inherits one eighth of his estate. Should the wife want to benefit from the remainder of her late husband’s estate, she needs the permission of the surviving Islamic inheritors. These other inheritors could be, for instance, the mother-in-law, father-in-law and all of the late husband’s […]