Conventional corporate finance requires the managers of a firm to manage the financial and other aspects of the business in a manner that increases the market value of the firm and therefore the value of a shareholder’s investment in the …
1.1 DEFINITION OF “FINANCIAL CRISIS” Goldsmith has succinctly defined the term ‘financial crisis’ as a “sharp, brief, ultra-cyclical deterioration of all or most of a group of financial indicators”, such as short-term interest rates, asset prices, corporate insolvencies and the …
by: Abdullah Fahim[1] In life, there are always two things: good and evil. Sometimes there are things which fall in between them, which is known as the ‘grey area’. According to Islamic teachings, everything good is considered ‘Halal’ or permissible …
The institute of marriage is the most ancient institute that man has ever known. Since the time Allah Almighty created the first humans, the prophet Adam (alaihis-salaam) and Hawwah (Eve), He instilled a special feeling for a man to a …
1. Having Correct Intention: The most important rule regarding seeking Islamic knowledge is having the correct intention. The meaning of this is that a person should solely aim to gain the pleasure of Allah Almighty by seeking Islamic knowledge. There …
Benefits of Seeking Forgiveness (Istighfaar) It is narrated about the famous saint Al-Hasan Al-Basri (may Allah have mercy upon him) that once a person came to him, complaining about famine and seeking remedy. He therefore advised him: ‘Seek forgiveness from …
Eid Salah is similar to all other salahs, except in one regard. It comprises of a few additional takbeers. Opinions of the Scholars According to Imam Abu Hanifa (rahimahullah), there are three additional takbeers in the first rak’ah before the …
1. Sincere Intention It is very important for a person who wishes to memorise the Holy Qur’an to get his intention right. This means that a person should aim to please Allah Almighty by learning the Holy Qur’an by heart. …
Desire to have a child is embedded in the human nature. Love for one’s child is stronger in a human being’s instinct than for oneself. It is therefore not surprising that the process of having a child is one of …
In the name of Allah, the most Merciful and All Merciful All praise be to Allah and salutations are due to His noble messenger. All Muslims should know that: (1) In England (likewise in every other country where restrictions have …