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Category: Economy

Malawi Worsens on Corruption Index

It is now four years since Malawi was rocked by its biggest government corruption scandal in history. The systematic looting of public coffers by civil servants, private contractors and politicians saw them steal 31 Million USD from government coffers.

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Islamic Banking in the Offing

After the Malawi government approved the introduction of Islamic banking system which doesn’t demand any interest from the borrowers as is the case with non-Islamic banking, Commercial banks in Malawi are getting prepared to open the windows.

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How Shariah Compliant Are you?

The Shariah has the solutions to today’s financial crisis which are clearly expounded in the Qur’an and Ahadith. The Shariah has an innate elasticity to recognise new financial concepts and instruments. Hereunder are some questions which we need to be asking ourselves in order to evaluate our personal and business financial positions from a Shariah perspective:

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