Blossom Articles & Learning Series

Learn about Islamic finance, halal investing, & blockchain

About Microfinance


Learn the essentials of how amazing community leaders are banking the "unbankable" and helping eliminate poverty in their communities.

Tuesday, March 5th, 2002

BMT: Combining Social Impact & Commercial Finance is a Recipe for Success

This virtual ramp of financial services lifts people out of poverty through a graduated approach, tailored toward each stage of economic development

Thursday, February 20th, 2020

BMTs: an Indonesian Solution to a Universal Problem

Baitul Maal Wat-Tamwil ("BMT"): A Faith and Community Based Microfinance

Thursday, March 5th, 2020

BMT TAMZIS: One of the World's 5 Most Successful Islamic Microfinance Institutions

Saat Suharto, a young Muslim activist, began a small organization in 1992 that used funds from zakat and other charity based collections to give interest-free loans to traders.

Thursday, March 5th, 2020

BMT Al-Falah: One of the World's 5 Most Successful Islamic Microfinance Institutions

Learn how highly tailored financial services & close connections with the local community have built a sense of loyalty towards this institution

Thursday, March 5th, 2020

BMT Fastabiq: One of the World's 5 Most Successful Islamic Microfinance Institutions

Focusing on customer relationships has delivered strong financial results for this innovative microfinance institution

Thursday, March 5th, 2020

BMT UGT Sidogiri: One of the World's 5 Most Successful Islamic Microfinance Institutions

BMT UGT Sidogiri is the largest cooperative in Indonesia with 280 offices spread across the country.

Thursday, March 5th, 2020

KSPPS BMT Bina Dhu’afa Beringharjo: One of the World's 5 Most Successful Islamic Microfinance Institutions

BMT Beringharjo began its work on charity based models, such as food transfer, free-of-charge health services, sanitation and fresh water supply for the poor, and a scholarship program for orphans.

Essentials of Islamic Finance


Learn all about Islamic Finance from the very basics, to the role of the Islamic financial system in today's modern world, through to specific Islamic finance contracts and their requirements.

Sunday, April 1st, 2018

Introduction to the Islamic Financial System (1 of 28)

What's a financial system and what purpose does it serve? And what's different about the Islamic financial system?

Monday, April 2nd, 2018

Shariah and Its Role in the Islamic Financial System (2 of 28)

What is Shariah? What does it have to do with a financial system? How can a 1,400 system of rules inform decisions about a modern, digital financial system?

Tuesday, April 3rd, 2018

18 Reasons Why Riba Is Prohibited (3 of 28)

Warnings against riba (usury) date back as far as 2,000 BC. Learn why so many religions despise and prohibit riba, and learn the basis for why usury is prohibited in Islamic finance.

Wednesday, April 4th, 2018

Basics of Riba (Interest) and Its Two Major Types (4 of 28)

The word riba literally means excess, increase or addition. But what is riba from Shariah point of view and what are the major types of reba?

Thursday, April 5th, 2018

Prohibition of Excessive Uncertainty (Gharar) (5 of 28)

Learn why excessive uncertainty (gharar) is prohibited and what types of conditions could be excessively uncertain.

Friday, April 6th, 2018

Prohibition of Gambling (6 of 28)

Gambling is one of the fundamental prohibitions in Islamic finance. Learn what is prohibited gambling and why it is not permissible and unlawful.

Saturday, April 7th, 2018

Key Elements of An Islamic Contract (7 of 28)

What's an Islamic contract? What are the key elements of an Islamic contract, and what are the requirements for a contract to be valid and lawful?

Sunday, April 8th, 2018

Understanding The Contract of Sale (8 of 28)

What is  sale? What are the types of sale? How valid sale is differentiated from void sale? What are the basic things we need to observe in the contract of sale?

Monday, April 9th, 2018

Classifications of Sale Contracts (9 of 28)

What are the different types of sale contracts? How these types are different from each other and what are their conditions for validity?

Tuesday, April 10th, 2018

Introduction to Murabaha (10 of 28)

Murabaha forms the backbone of the Islamic banking system. What is murabaha? What are its basic conditions, and how does it work in Islamic banks? Learn about murabaha in the classical context and how it's used in the modern Islamic finance context.

Wednesday, April 11th, 2018

Modern Application of Murabaha (11 of 28)

What are the applications of murabaha in modern Islamic financial institutions? What is MPO and how MPO is different from an ordinary murabaha?

Thursday, April 12th, 2018

Introduction to Musharakah/Partnership (12 of 28)

What is musharakah? Why it is an ideal contract? What are the different types of musharakah?

Friday, April 13th, 2018

Basics of Musharakah (Joint-Venture) and Use In Islamic Banks (13 of 29)

What are the basic rules and conditions of musharakah contract? And how it works in Islamic financial institutions?

Saturday, April 14th, 2018

Diminishing Profit Sharing/Musharakah Mutanaqisah (14 of 28)

What is musharakah mutanaqisah or “diminishing musharakah”? Why it is innovated by contemporary scholars? How musharakah mutanaqisah is used in Islamic banks and financial?

Sunday, April 15th, 2018

Introduction to Mudarabah (Profit Sharing) Contracts (15 of 28)

What is mudarabah? Why mudarabah is permissible? What are the types of mudarabah?

Monday, April 16th, 2018

Basic Rules of Mudarabah (Partnership) Contracts (16 of 28)

What are the basic rules and conditions for mudarabah contract? What are the differences between mudarabah and musharakah?

Tuesday, April 17th, 2018

Mudarabah in Islamic Financial Institutions (17 of 28)

How mudarabah is used in modern Islamic financial institutions?  What is the mechanism for investment account based on mudarabah? How the contract of mudarabah is structured for project financing?

Wednesday, April 18th, 2018

Introduction to Ijarah (Lease) Contracts (18 of 28)

What is ijarah? What is difference between ijarah and sale? What are the types of ijarah?

Thursday, April 19th, 2018

What Are The Rules Governing Ijarah? (19 of 28)

What are the basic rules and principles of the contract of ijarah? What are the similarities and differences between ijarah and sale?

Friday, April 20th, 2018

Modern Application of Ijarah (Lease) Contract (20 of 28)

The contract of ijarah is widely used in modern Islamic financial institutions. This article briefly sheds light on some important applications of ijarah 

Saturday, April 21st, 2018

Introduction to Salam (Forward Sale) Contracts (21 of 28)

What is bay al-salam? Is it an exceptional type of sale? Why it is allowed?

Sunday, April 22nd, 2018

Basic Rules and Conditions for Bay Al-Salam (22 of 28)

This brief article explains the specific conditions and requirements of salam contract which need to be observed apart from the general requirements of sale.

Monday, April 23rd, 2018

Application of Bay Al-Salam in Islamic Financial Institutions (23 of 28)

How the concept of salam is applied in modern Islamic financial institutions? Is salam contract can be used to finance agriculture sector.

Tuesday, April 24th, 2018

Introduction To Manufacturing Sale Contracts (24 of 28)

What is bay al-istisna? Is it an exceptional type of sale? What are the differences between istisna and salam?

Wednesday, April 25th, 2018

Basic Rules for Manufacturing Sale Contracts (25 of 28)

Learn about construction finance using the istisna contract and the specific conditions and requirements which need to be observed.

Thursday, April 26th, 2018

Application of Istisna in Islamic Financial Institutions (26 of 28)

How is the lease (istisna) contract used in modern Islamic financial institutions and what is the process of "parallel salam"?

Friday, April 27th, 2018

Introduction to Wakalah (agency) Contracts (27 of 28)

What is wakalah? What are the types of wakalah? Why the contract of wakalah is needed?

Saturday, April 28th, 2018

Basic Rules for Wakalah (Agency) Contracts (28 of 28)

What are the basic rules of agency (wakalah) contracts? What are the key features of a wakalah?

Resources on Islamic Finance


Additional materials about Islamic Finance

Monday, March 9th, 2020

Quick Reference of Islamic Finance Terminology

Confused over the terminology used in Islamic Finance? This glossary is here to help.

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