Shari'ah Frameworks & Principles 65%

Islamic Financial Markets 28%

Regulation, Supervision and Governance 2%

Islamic Economics 1%

Risk Management Principles 1%

General Issues and Challenges of IFS 4%

Total Fatwas in Database : 2595

Last updated 18 June 2018


Sectors of Islamic Finance Institutions

Banking 605
Consultancy / Advisory 53
Social Enterprise 0
FinTech 0
Takaful 227
Training 11
Halal 3
Others 236
Investment 143
Micro Takaful 0
Microfinance 31
Crowdfunding 5
R&D 10
Regulator 19
Waqf / Zakah Services 0
Retakaful 6
Education 28
Venture Capital 1

Latest Institution
University College Of Islam Melaka - KUIM

Last updated 18 June 2018




I-FIKR Ontology is a sophisticated innovative structure developed by ISRA. It maps out the entire Islamic finance industry, identifying the major branches, which are then sub-divided into particular topics. It shows the types, properties and interrelationships between the sectors. All the materials available on the I-FIKR portal are connected based on this rigorous and subtle design.

News & Updates

Growing Islamic finance firms lobby Britain for tax relief

14 June, 2018

LONDON: Firms involved in Islamic finance are lobbying the British government for tax reforms, arguing that the treatment of some sharia-compliant structures is hindering their growth. Britain has actively pursued Islamic finance to become the Western world's biggest hub for it and banks are now seeking to ensure tax parity in areas such as mortgage refinancing as they compete head-on with their conventional peers. Islamic finance forbids interest payments and...

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VEB bolsters Islamic finance efforts with Abu Dhabi office

13 June, 2018

Russia’s Vnesheconombank (VEB) is strengthening its focus on Islamic finance and work in the Middle East with the opening of a representative office in Abu Dhabi. In a statement, VEB says the office is now ready to operate after having obtained all necessary permits, a commercial license and a registration certificate. The aim is to provide access to sales and capital markets in the region, create opportunities for partnership with...

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Islamic Finance: Using blockchain to solve wakaf challenges

13 June, 2018

Wakaf — the Arabic word for an endowment to a charitable cause — contributed significantly to the global socioeconomic landscape in the past, especially in eradicating poverty. However, in modern times, wakaf has not had a compelling impact on improving the welfare of the people, according to Dr Farrukh Habib, researcher at International Shari’ah Research Academy for Islamic Finance. While there are many reasons for this, it is mainly due...

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