Select Page

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

 

The Cost Of Silence: Who Truly Benefits From Malawi’s Mineral Wealth?

As Malawi navigates complex social and economic transitions—from reshaping its electoral processes to promoting entrepreneurship through NEEF loans and extending clean water access—the country’s true path to economic independence may be buried underground, quite literally.

Read more:The Cost Of Silence: Who Truly Benefits From Malawi’s Mineral Wealth?