Islamic Economics & Finance

Islamic economics and finance operate under Shariah principles, promoting ethical financial practices that avoid interest (riba), excessive uncertainty (gharar), and speculation. Our scholars provide guidance on halal investments, business practices, and financial transactions.

Most Asked Questions

What makes Islamic banking different from conventional banking?

Islamic banking prohibits interest (riba), operates on profit-and-loss sharing principles, and ensures all transactions comply with Shariah guidelines.

Are cryptocurrencies halal?

The permissibility of cryptocurrencies depends on various factors including their underlying technology, usage, and compliance with Islamic principles of finance.

What are halal investment options?

Halal investments include Shariah-compliant stocks, Islamic mutual funds, sukuk (Islamic bonds), and ethical business ventures that avoid prohibited industries.