Greneery

Bismillah and assalamualaikum. May this super simple explanation help your understanding on the practice of forward forex in Islamic finance. Wide smilesss! :D :D :D  Your duit raya in advance! ^,^ *** Islamic financial derivative instruments such as swaps, forwards and options have been introduced in Islamic finance as one of the hedging mechanisms to enhance risk management capability of market participants. A forward contract is a customized contract between two parties to buy or sell an asset at a specified price on a future date. It can be both for hedging and speculation. While foreign exchange is the exchange of one currency for another or the conversion of one currency into another currency. The term foreign exchange is usually abbreviated as "forex" and occasionally as "FX”. Thus in short, forward forign currency exchange is the exchange of one currency for another at a specified price on a future date agreed by both contracting parties. ...

Bismillah and assalamualaikum. This is only my executive summary on the topic I was assigned to present to the whole class. Alhamdulillah the presentation went well even though it was like the whole day standing in front the class, answering some questions and having further discussion regarding the topic. Haha. Anyway, it's only a summary so don't expect much. Enjoy! hope it may benefit even a little. *wink* ... nak duit tak? hee This individual assignment analyzes the application of Qard and Qard al-Hasan contracts in Islamic banking and finance products and services in Malaysia. It covers the legitimacy of qard from Quran, introduction of qard al-hassan and qard, components of the contract, product chosen and its modus operandi, opportunities and challenges on the contract, related issues and also course of action proposed regarding the contract. Qard al-hasan is a zero-return financing that Al-Quran urges Muslims to make available for those who need it....

Assalamualaikum and hi :) This is my first essay writing as a fresh graduate and yaa sure it might have lack something somewhere. So, I humbly open to any comment and improvement if necessary since it's also another process of learning. May it benefit us all even a little. Peace. Enjoy! 😁😚😉😎😊 Q: The Islamic Financial Services Act 2013 (IFSA) distinguishes investment account from Islamic deposit is defined by the application of  Shariah  contracts with non-principal guarantee feature for the purpose of investment. With the new classification, elaborate on the prospects of introducing Islamic Investment Accounts (IA) and its challenges in Malaysia’s banking landscape. ... The enacted new rules governing Malaysian’s Islamic finance sector, the Islamic Financial Service Act (IFSA) that came into force on 30 June 2013, replacing the repealed Payment System Act 2003 (PSA) is an act to provide for the regulation and supervision of Islamic financial institu...

I recently watched the videos from Youtube of a well-known muslim speaker Yasmin Mogahed who has literally inspired many souls all around the world from her words and writings. I'm so in love with the way she's preaching, the words she used in her speeches, and her approaches as well. Her videos such an inspiration, a motivation of mine which somehow bring me closer to Allah s.w.t. insyaallah :) *** Yasmin Mogahed One of her videos that I was overly attracted to is 'HOPE IN GOD ' recorded at the Fisher and Paykel Auditorium at the University of Auckland, New Zealand on 19 April 2015. (Hope in God, Imaan Boost TV, Apr 23,2015: https://www.youtube.com/watch?v=OyszaM8sPjU ) *** I would love to share the beautiful contents of this video and frankly I was enjoying the whole of it. (just maybe there are some ideas none of the contents hee) MOUNTAIN CLIMBER   When we're talking about HOPE it means like we have something that we're holding on, we ...

Before this summer sem (or well knowingly as Soifi in Jordan) is going to pack his stuffs and leaving, give me a chance to write a brief post all about him. At least he knows, there's a space for him to exultantly receive an appreciation after all the curses this girl always uttered. (I consider Summer is a man because it seemed strong and brave like most of men will always do) ... "I hate summer, Malaysian hot weather is better" The girl spoke it out almost everyday as for the first week of Summer probably because it was her first time experiencing an unlikely wild degree celcius hit her not so fair skin. To find an exact word, nagging. Hahaha she's so funny, she didn't even remember she also used the word 'hate' during last winter, when the degree celcius reached negatives. Even animals couldn't understand such this kind of people behaviour. Extra demanded. Really ungrateful. Did she think Yoporoks is the one who controlled these four season ...

"eh u tak sedih ke tengok ni? heartless lah u ni bla bla bla" "kenapa enti ni heartless sangat, takkan tu pun tak sedar ish ish ish" "eee heartless nyaa kau ni. takde perasaan betul buat camtu" ***** eh penatlah dengar orang cakap kita heartless, kadang kadang kita berubah being someone yang tersangatlah caring ... (trial) "eh eh u ni ada masalah ke? ada pape i boleh bantu" "yaallah kesiannya awak ni. kenapa ni kenapa ni?" tapi, kita end up rasa "masyaallah fake nya aku. macam plastic sampah" (besar sikit saiz) because you're no that kind of person sejak azali. you can easily feel sorry to a person but not in the way you want everyone around you to know. (silently care?) ***** you then wonder, what is the actual meaning of heartless person ?  are they a group of people who don't have any hearts OR the person who is feelingless, lifeless OR hardhearted person. idk. if that so, "am i ...

Sometimes (almost every time),  I did something that against You. I did certain actions that really disobey You. I did try to have everything on my own way, own rules. I did read your love letters but there's still no further awareness.  I did know You asked me to not go nearer, but I ended up doing that abundant. I did realize You see every single step of mine but I acted like those all hidden. I did understand but I remain on those forbidden.  Yet, You never failed to comfort me, to make every single drop of tears rolling down the cheek.  To realize me You're the only one I could rely on. To make me feel like I still have a new life to live on. To draw a smile on me because there's always a hope, a chance. To make me indulge every moments You created. To let myself be a good friend of Yours. To make me share each of the problems with You. Wallahi. Now I feel much better. :)

Travel travel travel !  Alhamdulillah during the last sem break, we managed to complete our trip to Egypt which quite tiring one for me because the trip was scheduled just right after my walking trip around Jordan. Two trips in a row! But yeah how could I resist to experience such those beautiful moments? Chewwah! We safely landed in Cairo on 5th of February early in the morning since we departed from Amman at 5 a.m and it took about only one hour and fifteen minutes to arrive without any transit. Well only the Red Sea make these two lands stay apart. To include all the travelog, from the beginning till the end of our journey here I think it will be so long, or maybe might trigger your jealousy at some points hehe. This one I afraid of :P So this post I'm going to share only about S I W A , a very ancient place with all its hidden treasures. (love it) Ok before I get started, let me give you read some facts related to Siwa. (copied link, more to its oasis but still...