Murabahah – Introduction, Stages and Mechanism
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MURABAHAH FINANCING: Murabahah is a contract wherein the Islamic Bank, upon request by the customer, purchases the asset from a third party supplier/vendor and resells it to the customer either against immediate payment or on a deferred payment basis. Basically Murabaha is …

Innovations in Supply Chain Management & Logistics
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Supply Chain Innovation – Introduction, Types, and Implementation When most people think about innovation, they immediately think about creating new business models or designing new products. However, innovation is not just that. It is also the continuous improvement of your business operations …

Fiscal Policy in Islamic Economics – Introduction & Objectives
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Fiscal Policy in Islamic Economics – Introduction & Objectives

Islamic Fiscal Policy The fiscal policy in Islamic economics may be defined as: “The usage of the revenue collected by the Islamic government and expenses made to monitor and influence economy of the Islamic state, is Islamic Fiscal Policy”. Objectives of Fiscal …

7 Key Benefits of Digital Supply Chain Management
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7 Key Benefits of Digital Supply Chain Management While you probably have already heard or read about the digital supply chain, you need to understand that we are talking about not only the present as well as the future. Simply put, the …

Agile Supply Chain – Introduction, Strategies, and How to create it?
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What is Agile Supply Chain Management? The complexities of the modern supply chain for businesses grow more complex with each passing day. While many companies have switched to the lean supply chain concept, the agile supply chain is becoming more prevalent thanks …

6 Popular Project Management Framework
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What is a Project Management Framework? The project management framework makes reference to the stages of a project’s cycle and the tools required to execute the created project. Thus, with the help a project framework, you will be able to see each …

Blockchain Supply Chain Management
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Understanding Blockchain Supply Chain If you ever heard the term “blockchain”, you’re probably thinking about bitcoin or any other type of cryptocurrency. While it is true that this is how the blockchain appeared, it is a rather versatile solution for a wide …