Posts by robstarr

Since Islamic leasing is a fundamental aspect of the airline industry andalmost all Shariah compliant aircraft transactions are structured using Ijarah, the drop in airline passengers as well as the cancellation of flights due to COVID-19 is a cause for concern for the global Islamic leasing sector. The aircraft leasing transactions have the owner of…

Islamic banking is a sharia compliant way to finance. There are certain rules that need to be followed. These institutions need to avoid any kind of haram like la riba. Charging interest is strictly forbidden. There are other requirements. Complying with sharia law means these institutions are not allowed to invest in gambling, pornography, alcohol or…