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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.

Current Issue

EDITOR’S NOTE

DIFFERENT  RELIGIONS, ONE MALAWI.

A decision by the Public Affairs Committee-PAC and school owners in accepting the hijab dressing code in schools has always been a dream come true for Muslims in
the country.
The battle has been there for years between school owners and the Muslim community which always wished its children to keep religious values in terms of dressing as prescribed in the Islamic faith.