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What is Islamic Finance?

What is Islamic Finance?

Islamic finance is a type of financing activities that must comply with Sharia (Islamic Law). The concept can also refer to the investments that are permissible under Sharia.

The common practices of Islamic finance and banking came into existence along with the foundation of Islam. However, the establishment of formal Islamic finance occurred only in the 20th century. Nowadays, the Islamic finance sector grows at 15%-25% per year, while Islamic financial institutions oversee over $2 trillion.

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EDITOR’S NOTE

High Time The Nation Concentrates on Stress Management

Suicide is an underrated means of death that has always been ignored by the country in general. But the act has claimed a lot of lives, which could have been saved if proper measures had been taken to aid stress management.

Most suicide cases come as a result of failure to overcome stress. Usually stress develops following the unsettling effects of change, the feeling that an outside force is challenging or threatening a person, and the feeling that you have lost personal control.

Read more:High Time The Nation Concentrates on Stress Management