Islamic finance
Interest-free religious lending
Islamic finance is a system of banking and investment that follows sharia, Islamic religious law.
It prohibits interest (riba), requiring instead profit-sharing arrangements or asset-backed transactions.
Speculation and investment in industries like alcohol, gambling, or pork are forbidden.
The sukuk is an Islamic finance alternative to conventional bonds.
Islamic finance has grown into a trillion-dollar global industry.
- interest-free loanBorrowing without added charges
- profit and lossNet financial results
- risk sharingDistributing potential losses collectively
- halalPermitted under Islamic law
- ShariaMuslim religious legal code
haram · maqasid al-shariah · zakat · social justice · profit-sharing · Islamic law · salam · ethical investing · interest-free · poverty alleviation · Islamic banks · Quran · Dubai · Gulf states · Malaysia · gold · fatwa · banking
- Islamic Lawsharia, Sharia, Shariah, Islamic law, fatwa
- IslamAllah, Quran, Muhammad, Mecca, Ramadan
- Islamic StudiesQuran, hadith, Islamic law, Sunnah, madrasa
- alternative financecrowdfunding, microfinance, microlending, peer-to-peer lending, DeFi
- American Islammosque, hijab, halal, Ramadan, Eid
- Asian Financeyen, yuan, renminbi, Bank of Japan, Hang Seng
Islamic financeusury
Extortionate money lending
credit card debt · payday lending · predatory lending · compound interest · loan sharking
Islamic financespeculative trading
High-risk market bets
gambling · short selling · high-frequency trading · margin trading