Commercial activities are one of the daily practices that being adapted naturally by human beings from the very beginning of the human history for their Psycho-physical survival in this natural world. The economic activities cannot be materialized without having a mutual cooperation between fellow mankind, and that is, better known in other word al-Mu' a malah, which can be executed with fruitful results should one is coupled with appropriate Shari’ah frame works. Because, al-Mu' a malah establishes the notion of rights and obligations for and against the parties involved herein with sharing and caring concepts. Divine authorities (al-Qur' a n and al-Sunnah), which provide adequate guidelines towards a meaningful management of Islamic banking and finance, but in practice, the Shar i 'ah guidelines are not yet utilized in today's advanced economic reality. The grass root reasons perhaps are, the lack of research conducted to come up with a practical Shari’ah frame works and of course the diversified views among some scholars, which hindered the way forward of development of operational mechanisms of Islamic banking and financial activities.

In today’s contemporary reality, the fact is ideally witnessed that, even though Shari’ah rules in certain avenues are utilized with a minimum role to regulate Islamic banking, trade and finance, but the regulatory frame works and also the legal literatures or research works required for a dynamic operation of banking, trade and finance under the Shar i 'ah discipline, have not yet been desirably developed. Hence, to meet the global Ummatic needs today, it is timely to contribute to the Ummah with practical issues based research solutions for ensuring a smooth operation of Islamic banking, trade and financial products with dreamed results.

However, to contribute to the above mission, the http//:www.applied-islamicfinance.com has been launched covering with 30 major applied Islamic finance areas besides financial Fatwas and other Shai’ah and Finance related Components This work may Insha All a h (swt) is expected to be useful practical solutions to the Islamic corporate problems desired by the practitioners, researchers, publics and also students in the Islamic banking and financial environment of the contemporary world of advanced financial reality.

---