Islamic Finance: Unlocking Opportunities Beyond Religious Boundaries

Islamic finance refers to a financial system that operates in accordance with Islamic principles and guidelines derived from Sharia law. It emphasizes ethical and socially responsible financial practices that promote fairness, risk-sharing, and asset-backed transactions. While Islamic finance originated within Muslim communities, it has gained increasing relevance beyond these communities due to its unique features and potential for global financial inclusion.

Overview of Islamic Finance

One of the fundamental principles of Islamic finance is the prohibition of interest (riba). Instead, profit-sharing arrangements…