Islamic Finance Industry Research
Curated industry reports, peer-reviewed academic papers, primary-source legal analyses, and market data from across the global Islamic finance ecosystem — organised by topic for fast retrieval.
Editorial Team, HalalWallet
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Primary-source legal research, peer-reviewed papers, and fatwa rulings underpinning Islamic estate planning in the U.S.
Hub: Estate planning hub
Shariah-compliant investing industry research — funds, ETFs, indices, and screening methodology.
Hub: Halal investing hub
Research on Islamic finance regulation, Shariah governance, and standard-setter publications (AAOIFI, IFSB).
Comprehensive industry market data and statistics from the global Islamic finance ecosystem.
Hub: Industry statistics
Curated reports and analyses from the global Islamic finance industry.
Primary-source legal research, peer-reviewed papers, and fatwa rulings underpinning Islamic estate planning in the U.S.
Guide to caliph 'Umar ibn al-Khattab on recognizing women's contributions to marital wealth
Reports from the second Caliph Umar ibn al-Khattab document recognition of women's economic contributions to the marital household — important context for contemporary discussions of community property and the Islamic alternative to default 50/50 marital ownership.
Source: HalalWallet Legal Research / classical sources on the early Caliphate
Guide to mahr as a debt of the estate — Quran 4:11 and probate enforceability
Quran 4:11 instructs that debts and bequests are paid from the gross estate before Faraid distribution. Classical fiqh treats the unpaid portion of the mahr as a debt the husband owes his wife — making it the first claim on his estate at death. This protection is largely lost in U.S. probate when the mahr is undocumented.
Source: Quran 4:11 + classical fiqh + U.S. probate practice
Guide to sacred Law in Secular Systems: Shariawiz and Digital Inheritance Fiqh among Muslim Minorities in the United States
Peer-reviewed academic study examining ShariaWiz as a case of digital Islamic inheritance fiqh for Muslim minorities in the United States. The study situates ShariaWiz within the framework of fiqh al-aqalliyyat (jurisprudence of Muslim minorities) and confirms the platform implements all four Sunni madhhabs (Hanafi, Maliki, Shafi'i, Hanbali) within U.S. estate law.
Source: Asy-Syir'ah: Jurnal Ilmu Syari'ah dan Hukum
Guide to fiqh Council of North America 2019 fatwa permitting organ donation for Muslim Americans
In March 2019, the Fiqh Council of North America (FCNA) issued a fatwa permitting and encouraging Muslim Americans to register as organ donors. The reasoning rests on rahmah (mercy), maslaha (public benefit), and the Quranic principle that saving one life is as if one has saved all of humanity (5:32).
Source: Fiqh Council of North America
Guide to al-Azhar 1982 fatwa on autopsies under Islamic law
The 1982 Al-Azhar fatwa, building on earlier guidance from Sheikh Muhammad Hasanayn Makhluf (Egypt, 1950s), permitted autopsies under specific conditions: when required by law, when medical students would learn from them, or when needed to control a contagious disease. The reasoning rests on maslaha (public benefit).
Source: Al-Azhar University (Cairo)
Guide to washington intestacy law for Muslim families — primary source data
Washington is a community-property state. A spouse and children: spouse takes all community property and half of separate property; children take half of separate property. A spouse and parents: spouse takes all community property and 3/4 of separate property; parents take 1/4 of separate property.
Source: Revised Code of Washington Title 11, Ch. 11.04
Guide to new York intestacy law for Muslim families — primary source data
New York is an equitable-distribution state. A spouse and children: spouse takes the first $50,000 plus half of the balance; descendants take the rest. A spouse but no children: spouse takes everything. Parents excluded when children survive.
Source: New York Estates, Powers & Trusts Law § 4-1.1
Guide to new Jersey intestacy law for Muslim families — primary source data
New Jersey is an equitable-distribution state. A spouse with shared children and no other-relationship children inherits everything. A spouse with shared children but the spouse has children from another relationship: spouse takes 1/4 (between $50K and $200K) plus 1/2 of the balance; your children take the rest.
Source: New Jersey Statutes Annotated 3B:5-1 to 3B:5-14.1
Guide to florida intestacy law for Muslim families — primary source data
Florida is an equitable-distribution state with a 30% elective share. A spouse with shared children only inherits everything. A spouse with children from outside the marriage: spouse takes 1/2 of intestate property; children take 1/2. Parents excluded when children survive.
Source: Florida Statutes §§ 732.101 to 732.111
Guide to arizona intestacy law for Muslim families — primary source data
Arizona is a community-property state; intestacy rules separate community and separate property. A spouse with children from a prior relationship inherits half of the deceased's separate property and none of the deceased's half of community property.
Source: Arizona Revised Statutes Title 14, Ch. 2 (Intestate Succession)
Guide to california intestacy law for Muslim families — primary source data
California is a community-property state with elaborate intestacy rules. A spouse and one child split separate property 50/50; spouse takes all community property. With two or more children, spouse takes 1/3 of separate property and children take 2/3.
Source: California Probate Code §§ 6400-6414 + §§ 100-101
Guide to hadith on the obligation to write a will (Sahih al-Bukhari 2738, Sahih Muslim 1627)
The Prophetic narration most often cited by contemporary Muslim American scholars as establishing the obligation to write an Islamic will. Narrated by Abdullah ibn Umar in both Sahih al-Bukhari (2738) and Sahih Muslim (1627).
Source: Sahih al-Bukhari / Sahih Muslim
Shariah-compliant investing industry research — funds, ETFs, indices, and screening methodology.
Guide to islamic Investment Funds and Sukuk in the U.S.
Overview of Shariah-compliant investment funds and sukuk issuances in the U.S., including key examples and barriers to growth.
Source: Hassan, M.K., Hoque, M.R., & Rabbani, M.R.
Guide to islamic Finance and ESG/SRI: Natural Alignment and Shared Values
How Islamic finance principles naturally overlap with ESG and socially responsible investing, creating cross-over appeal.
Source: Hassan, M.K., Hoque, M.R., & Rabbani, M.R.
Research on Islamic finance regulation, Shariah governance, and standard-setter publications (AAOIFI, IFSB).
Comprehensive industry market data and statistics from the global Islamic finance ecosystem.
Curated reports and analyses from the global Islamic finance industry.
Guide to core Islamic Finance Concepts: Riba, Gharar, and Haram
Academic definitions of the three foundational prohibitions in Islamic finance and their practical implications.
Source: Hassan, M.K., Hoque, M.R., & Rabbani, M.R.
Guide to history of Islamic Finance Institutions in the United States
Timeline of Islamic finance's development in the U.S. from the late 1980s to present, including key institutional milestones and the role of demographics.
Source: Hassan, M.K., Hoque, M.R., & Rabbani, M.R.
Guide to untapped U.S. Islamic Finance Opportunities: Retirement, Takaful, and Halal Ecosystem
Key growth opportunities for Islamic finance in the U.S. including Shariah-compliant retirement products, takaful insurance, and halal ecosystem integration.
Source: Hassan, M.K., Hoque, M.R., & Rabbani, M.R.
Guide to u.S. Islamic Finance Provider Landscape and Market Shares
Overview of key U.S. Islamic finance providers across retail, investment, and wholesale segments with specific market data points.
Source: Hassan, M.K., Hoque, M.R., & Rabbani, M.R.
Guide to islamic Home Financing Structures in the U.S.: Musharaka, Murabaha, and Ijara
Detailed explanation of the three main Islamic home financing structures used in the U.S. and how regulators have accommodated them.
Source: Hassan, M.K., Hoque, M.R., & Rabbani, M.R.
Guide to istisna'a-Ijara Transaction Structure: Maconda Park and Truman Park
Detailed case study of the Istisna'a-Ijara financing model used in U.S. real estate projects Maconda Park (2000) and Truman Park (2001).
Source: Hassan, M.K., Hoque, M.R., & Rabbani, M.R.
Guide to fintech Opportunities in U.S. Islamic Finance
How technology — smart contracts, blockchain, robo-advisors, digital platforms — can accelerate U.S. Islamic finance adoption.
Source: Hassan, M.K., Hoque, M.R., & Rabbani, M.R.
Guide to islamic Finance in the U.S.: Ethical Convergence Framework
Academic paper analyzing how Islamic finance in the U.S. is converging with mainstream ESG/SRI investing through shared ethical principles, creating appeal far beyond the Muslim consumer base.
Source: Hassan, M.K., Hoque, M.R., & Rabbani, M.R.
Learn Islamic Finance
Looking for the structured 178-article curriculum on every Islamic finance contract type? Start with /learn.
Islamic Finance Industry Statistics
Global market size, sukuk issuance, takaful penetration — comprehensive industry statistics with citations.
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