Islamic Finance

‘South Africa’s economy faces persistent inequality, unemployment, and systemic financial exclusion. A thriving Shariah-compliant financial sector, backed by active community participation, can become a blueprint for inclusive growth in the country.’ By MOGAMAT ALI SALIE South Africa’s Muslim community, diverse in culture, vibrant in spirit, and historically...

In conventional banking, AI applications are widespread – algorithmic trading, credit scoring, and chatbots handle vast amounts of data to streamline operations. However, Islamic finance must ensure that these tools do not inadvertently facilitate prohibited activities. By SHIRAAJ BUZIEK THE rapid rise of artificial intelligence (AI) in...

ANTHONY STROEBEL IN the face of ongoing humanitarian crisis, a unique initiative emerges from South Africa, blending artistry, activism and philanthropy. Pure Karat Creations, in collaboration with the Al-Quds Foundation (SA), has launched a limited edition one-ounce pure silver coin that not only commemorates the Palestinian struggle...

‘With the rise of colonialism and modern banking, the transition to paper money, detached from gold and silver, introduced vulnerabilities such as inflation.’ By MOGAMAT ALI SALIE MONEY is an essential tool for trade, facilitating transactions and economic activity. However, in Islam, money must possess intrinsic value...

MOGAMAT ALI SALIE, co-founder of MuslimFin, explores how generosity and wealth creation can be embraced during the month of Ramadan. Ramadan is a month of spirituality, self-discipline, and generosity. It is a time when Muslims fast, pray, and give generously to those in need. Yet, Ramadan also...

MOGAMAT ALI SALIE, co-founder of MuslimFin, draws lessons from the life of Nabi Muhammad (SAW) and Muslim history on the key principles of a sound relationship to achieve economic and communal success. Throughout history, relationships have been a cornerstone of success in Islamic traditions, enabling individuals and...

By MOGAMAT ALI SALIE IN an era defined by global interconnectivity, where economies thrive on collaboration and innovation, the South African Muslim community stands at a crossroads. With a rich history of entrepreneurship, leadership and philanthropy, this community has long been an integral part of South Africa’s...

IN the complex and evolving landscape of South Africa’s economy, Broad-Based Black Economic Empowerment (B-BBEE) remains a crucial pillar in addressing the deep-rooted inequalities that stem from the apartheid era. While significant strides have been made, the journey towards economic inclusion for the black majority is far...

In the evolving landscape of financial investments in South Africa, Al Mabroor Projects has emerged as a trailblazer, offering Shariah-compliant investment opportunities that adhere to Islamic financial principles while delivering competitive returns. With a steadfast focus on sustainability, community impact and ethical investments, Al Mabroor has established...