Monthly Archives: March 2015

Islamic Banking

GST and Islamic Banking

Come 1st April 2015, the Goods Service Tax (GST) will be in full force. The financial service industry, including Islamic finance is also impacted by the GST. Officially, GST is a consumption tax that is imposed ...
Islamic Finance

Credit-Risk Sharing in Islamic Banking

Risk-sharing is a well-known principle in Islamic finance, which predominantly deals with equity-based transactions, namely mudaraba and musharaka.  While it is practically absent in the banks’ financing instruments, risk-sharing has been around in the Islamic deposit market for ...