Educating the Community About Islamic Finance

At ICFAL, we are committed to promoting Islamic finance knowledge in the community through education. We strongly believe that education is the key to promoting Islamic financial literacy and Islamically responsible financial behaviour among our members and the wider community. To this end, we have been actively working on initiatives to educate and inform our community about the principles and practices of Islamic finance.

Our Resident Shariah Board Member (RSBM), Yusuf Tang, has been at the forefront of these efforts. He recently collaborated with the National Zakat Fund (NZF) and Al Bayan Radio station to produce a series of podcasts aimed at educating the community about Islamic finance and its Shariah implications. The podcasts were well-received by the community and provided a valuable platform for promoting financial literacy and responsible financial behaviour.

Furthermore, we recently published an article on LinkedIn titled "Is Pegging Rental Rates in Ijaarah House Contracts Shariah Compliant?" authored by our RSBM Yusuf Tang. This article explores the concept of pegging rental rates in Ijaarah house contracts from a Shariah perspective and provides valuable insights into its compliance with Islamic finance principles. We encourage our members and the wider community to read this article and share it with their friends and family.

At ICFAL, we believe that education is crucial to empowering individuals to make informed financial decisions that align with their values and beliefs. We remain committed to promoting Islamic finance education through various channels, including podcasts, articles, and workshops. Our aim is to ensure that our community has access to the information and resources they need to make sound financial decisions that are in line with Islamic principles.

In addition to our efforts to educate the community through various media, we have also been busy meeting with community leaders and stakeholders to discuss how we can better serve our community. Through these meetings, we have gained valuable insights and feedback that have helped us to improve our educational programs and services. We are always open to feedback and suggestions from our community, and we encourage anyone with ideas or concerns to reach out to us.

If you would like a workshop to be organized for your community, please feel free to reach out to us. We are always happy to collaborate with community organizations and leaders to promote Islamic finance education and awareness. Together, we can create a more Islamically financially literate and responsible community that is in line with Islamic principles.