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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

How Important Is A Muslim Vote?

It is wrong to think that as a Muslim candidate, people should vote for you just because you are a Muslim. Such being the case, Political leaders are advised to woo votes from every Malawian with facts and not by wearing an Islamic attire as witnessed recently by some politicians because this is a mockery to the peaceful Faith. This is how important a Muslim Vote is unfortunately Muslims themselves are not aware how their vote is important.

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