DIMINISHING MUSHARAKAH

A form of Musharakah, developed in the near past, is the ‘Diminishing Musharakah.’ According to this concept, a financier and his client participate either in the joint ownership of property or equipment or in a joint commercial enterprise. The share of the financier is further divided into several units. It is understood that the clientContinue reading “DIMINISHING MUSHARAKAH”

From the Desk of Mohamed Ebrahim Earn and Learn Cryptocurrencies

Bitcoin was the first Cryptocurrency, and today it is the most valuable as listed in the crypto or digital currency exchanges like Coinbase https://www.coinbase.com/. This trend to create global currencies, which are tradeable globally is driven by advances in secure ICT technology called Blockchain. To learn more about these development ME School of Finance, AccountingContinue reading “From the Desk of Mohamed Ebrahim Earn and Learn Cryptocurrencies”

Financial Reporting for Islamic Financial Institutions

Islamic finance (Capital Markets, Banking and Insurance) has emerged from a niche financial market to the mainstream of finance. The geographic market, clientele served, products base and volume of funds have grown significantly. Furthermore, the players have increased and now include not only pure Islamic institutions but also hybrid players (the conventional bank with IslamicContinue reading “Financial Reporting for Islamic Financial Institutions”

Free Kindle Ebook promotion

These are short read books, which aim to increase awareness about Islamic finance in general and specifically how to understand financial statements prepared by Islamic financial institutions, risk management practises in Islamic Financial institutions and how Islamic Finance and Sustainable Development Goals are intertwined.

Earn Cryptocurrencies while Learning about Cryptocurrencies

Bitcoin was the first Cryptocurrency, and today it is the most valuable as listed in the crypto or digital currency exchanges like Coinbase https://www.coinbase.com/. This trend to create global currencies, which are tradeable globally is driven by advances in secure ICT technology called Blockchain. To learn more about these development ME School of Finance, AccountingContinue reading “Earn Cryptocurrencies while Learning about Cryptocurrencies”

An Overview of Islamic Agricultural Finance

By Mohamed Ebrahim This article was first published in Islamic Finance news Volume 17 Issue 6 dated the 12th February 2020. The link is only functional until the 11th March 2020:https://www.islamicfinancenews.com/a-brief-overview-of-islamic-agricultural-finance.html?access-key=6b73e3e68e1204087db8f566beb01d57 The Islamic banking and finance movement is a revolution in the making for rural agriculture based farmers, with it being a major departure from conventionally acceptedContinue reading “An Overview of Islamic Agricultural Finance”

TAX UPDATE 02/2020 ACE Group of Companies

RESIDENTIAL RENTAL INCOME The following key pointers are important for you to ensure you comply with the MRI regulations from the onset and avoid the penalties and interest that come with non-compliance. 1. MRI is a tax payable by resident persons on residential rental income received. It is payable by property owners whose residential rentContinue reading “TAX UPDATE 02/2020 ACE Group of Companies”