UTG- Islamic Finance Students' Association

08/04/2023

15/03/2023

This is a list of suggested readings for your reference if you are taking "𝗔𝗰𝗰𝗼𝘂𝗻𝘁𝗶𝗻𝗴 𝗳𝗼𝗿 𝗜𝘀𝗹𝗮𝗺𝗶𝗰 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀" this semester.

Kindly click the link (http://bit.ly/3YNVCpa) to access the PDF.

20/02/2023

As Creator, Allahعزوجل is The Owner of the universe. Man is His vicegerent and must perform his duties as prescribed by the Creator...

Wealth is a trust from the Owner and is to be used in a manner that will lead to the welfare of humanity in accordance with the rules laid down for the purpose...

Under the Islamic Sharia, a bank is not an entrepreneur. A bank is basically a financial intermediary as it provides services to its clients in the management of their surplus capital on a fiduciary basi

You will be surprise to hear this from our grandparents:

"Kodo kawululeh"
Money gives birth

The conventional financial system is teaching our grandparents to accept riba(interest).

Educate them that this is false and warn them!!!

19/02/2023

Money can't give birth to money.

19/02/2023

Islam considers money as sterile. It is a unit of value and means ofexchange, not a store of value or a commodity.It must be sunk in exchange.

The arbitrary fixation of a nominal rate at the front end (interest) on financial Operations has no economic and scientific justification.