Islamic finance: Difference between revisions

Latest revision as of 12:18, 8 March 2023

Islamic finance is a widely used colloquial term for sharia-compliant finance.

Sharia-compliant finance arrangements are ones which are in accord with Sharia law.

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-In Islamic finance and banking products, profit must be derived from commercial risk-taking and trading only, and all forms of interest are prohibited.
+Islamic finance is a widely used colloquial term for sharia-compliant finance.
-Islamic finance models therefore operate on the basis of risk sharing, to encourage operational investments which may be of benefit to the community.
+Sharia-compliant finance arrangements are ones which are in accord with Sharia law.
-Furthermore, commercial investments should only support practices that are permitted.
-Thus, for example, trading in alcohol, pornography, financial services, pork, armaments, tobacco, gambling and other activities contrary to Islamic law are not allowed.
 ==See also ==
-* [[Riba]]
+* [[Finance]]
+* [[Sharia-compliant finance]]
+* [[Sharia-compliant fixed income capital markets instruments for cross-border transactions]]
 * [[Sukuk]]
+[[Category:The_business_context]]