Islamic finance combines ethical principles with financial practices rooted in Shariah law, and these five books provide accessible insights into this field. Whether you’re a student, professional, or just curious, here’s a guide to the must-read texts in Islamic finance. 1. Fundamentals of Islamic Finance and Banking by Syeda...
In Islam, wealth accumulation is not inherently discouraged; rather, it is seen as a tool that, when managed with responsibility and taqwā (God-consciousness), can be a means of great benefit both in this world and in the hereafter. Some of the greatest companions of the Prophet Muhammad (ﷺ) were...
Debt is a reality for many in today’s world, but for Muslims, managing debt presents a unique challenge. Islam prohibits riba (interest), making conventional loans and credit cards off-limits. However, there are ways to navigate borrowing and lending in line with Islamic principles. This article will guide you through...
Islamic banking is an essential alternative for Muslims seeking financial solutions that comply with their religious beliefs. Unlike conventional banking, which relies on interest (riba), Islamic banking operates under principles derived from Shariah law, ensuring that financial transactions are transparent, ethical, and free from exploitation. This article breaks down...
Saving for retirement is a concern for people of all faiths, but for Muslims, the challenge comes with ensuring that their savings and investments remain halal (permissible) and free from riba (interest). In a world dominated by interest-based financial systems, finding retirement options that align with Islamic values can...
Islamic banking, also known as Islamic finance or Sharia-compliant finance, is a banking system based on the principles of Islamic law (Sharia). This system has gained significant traction globally, with the Islamic finance industry’s assets expected to reach $3.69 trillion by 2024 [1]. This article explores the fundamental principles...