Search
Generic filters
Filter by Categories
Accounting
Banking

Islamic Finance




Ihsan


Arabic (إحسان) for benevolence/ doing good and also doing one’s work (ibdah and mundane endeavors) with excellence and perfection. In the realm of Islamic banking and finance, Islamic financial institutions (including their employees) are required by shari’a to observe ihsan in all what it does/ they do to the extent possible. An example of ihsan is qard al-hasan, which is a contract (aqd) of irfaq or ihsan.

Ihsan is a commendable, not mandatory (fardh), act. However, in a religious domain, ihsan is referred to as performance of religious duties (in comparison with adl, which means in this context monotheism).



ABC
The last three decades have witnessed the modern rebirth of Islamic finance both in terms of literature and practice. Islamic banks and ...
Watch on Youtube
Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments


    Leave Your Comment

    Your email address will not be published.*