๐ข Company
Islamic banking and finance
Financial activities compliant with Islamic law
๐ Rating
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๐ Topics
- Islamic Finance (1)
- Capital Markets (1)
- Economic Development (1)
๐ท๏ธ Keywords
Sukuk (1) ยท Trust Certificates (1) ยท Islamic Finance (1) ยท Dubai (1) ยท Capital Raising (1) ยท Sharia-Compliant (1) ยท Infrastructure (1) ยท MENA (1)
๐ Key Information
Islamic banking, Islamic finance (Arabic: ู
ุตุฑููุฉ ุฅุณูุงู
ูุฉ masrifiyya 'islamia), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit-sharing and loss-bearing), wadiah (safekeeping), musharaka (joint venture), murabahah (cost-plus), and ijarah (leasing).
Sharia prohibits riba, or usury, generally defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to riba).
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People and organizations frequently mentioned alongside Islamic banking and finance:
