Blog

ISLAMIC FINANCE IS HALAL

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 ๐—ณ๐—ผ๐—ฟ๐—บ ๐—ผ๐—ณ ๐˜€๐—ผ๐—ฐ๐—ถ๐—ฎ๐—น๐—น๐˜† ๐—ฟ๐—ฒ๐˜€๐—ฝ๐—ผ๐—ป๐˜€๐—ถ๐—ฏ๐—น๐—ฒ ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—บ๐—ฒ๐—ป๐˜.

The ๐—ฐ๐—ผ๐—ป๐—ฐ๐—ฒ๐—ฝ๐˜ ๐—ผ๐—ณ ๐—ฟ๐—ถ๐˜€๐—ธ-๐˜€๐—ต๐—ฎ๐—ฟ๐—ถ๐—ป๐—ด, 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). ๐—ง๐—ต๐—ฒ ๐—ฒ๐—ป๐—ฑ ๐—ฟ๐—ฒ๐˜€๐˜‚๐—น๐˜? 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 ๐—”๐—น ๐—ฅ๐—ฎ๐˜†๐—ฎ๐—ป ๐—•๐—ฎ๐—ป๐—ธ which has five branches and offers a wide range of Sharia-compliant financial products in the UK. Or ๐—•๐—ฎ๐—ป๐—ธ ๐—ผ๐—ณ ๐—Ÿ๐—ผ๐—ป๐—ฑ๐—ผ๐—ป ๐—ฎ๐—ป๐—ฑ ๐—ง๐—ต๐—ฒ ๐— ๐—ถ๐—ฑ๐—ฑ๐—น๐—ฒ ๐—˜๐—ฎ๐˜€๐˜, an independent Sharia-compliant British bank based in London. ๐—ค๐—œ๐—• (๐—จ๐—ž) is a subsidiary of the Qatar Islamic Bank and offers a range of Sharia-compliant banking services.

Share

Contact us
for further information

    Recent Post

    GulFood 2020 – Dubai – 25th edition

    GulFood 2020 – Dubai – 25th edition

    The 25th edition of the most important event in the world for the food & beverage sector has officially begun, GulFood, at the Dubai World Trade Center, opens its doors to 193 countries representing all continents, with an influx of visitors expected equal to 90...

    read more

    WHA รจ il frutto di una pluriennale esperienza nel mondo della Certificazione Halal e i servizi annessi. WHA รจ un Organo internazionale di Certificazione Halal indipendente e unโ€™Autoritร  riconosciuta da moltissime Organizzazioni e Autoritร  nel mondo.