Sharia finance (Halal, which means permitted) consists of the banking activity in which the financial institution participates in the profits and losses of the company it subscribes to. Halal finance, therefore, is seen as a ๐ณ๐ผ๐ฟ๐บ ๐ผ๐ณ ๐๐ผ๐ฐ๐ถ๐ฎ๐น๐น๐ ๐ฟ๐ฒ๐๐ฝ๐ผ๐ป๐๐ถ๐ฏ๐น๐ฒ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐.
The ๐ฐ๐ผ๐ป๐ฐ๐ฒ๐ฝ๐ ๐ผ๐ณ ๐ฟ๐ถ๐๐ธ-๐๐ต๐ฎ๐ฟ๐ถ๐ป๐ด, therefore, is central to Islamic banks and finances, so it is essential to understand the role of the latter in raising capital. At the same time, Islamic finance requires the circumvention of Riba (usury) and Gharar (ambiguity or deception). ๐ง๐ต๐ฒ ๐ฒ๐ป๐ฑ ๐ฟ๐ฒ๐๐๐น๐? The ethical and economic principles of Islamic finance are also arousing interest outside the Muslim community.
There are many banks now fully Sharia-compliant and licensed in the UK. These include ๐๐น ๐ฅ๐ฎ๐๐ฎ๐ป ๐๐ฎ๐ป๐ธ which has five branches and offers a wide range of Sharia-compliant financial products in the UK. Or ๐๐ฎ๐ป๐ธ ๐ผ๐ณ ๐๐ผ๐ป๐ฑ๐ผ๐ป ๐ฎ๐ป๐ฑ ๐ง๐ต๐ฒ ๐ ๐ถ๐ฑ๐ฑ๐น๐ฒ ๐๐ฎ๐๐, an independent Sharia-compliant British bank based in London. ๐ค๐๐ (๐จ๐) is a subsidiary of the Qatar Islamic Bank and offers a range of Sharia-compliant banking services.