What is Islamic Finance?
Islamic finance is founded on Shariah principles which express an explicit intention to meet the financial needs of participants with integrity and in a manner that is just, fair, trustworthy and honest, while ensuring a more equitable wealth distribution.
“I believe in efficiency of markets, also Islamic markets, and I am pretty sure that the market will come to a certain consensus.”
“Money should be ones demand and not command, one should not become a slave of Money because we made money to help us trade and not to make us, we’re already made even without money.”
Interestingly, Judaism and Christianity also prohibit usury. For instance, the Bible states, “Do not charge your brother interest, whether on money or food or anything else that may earn interest.” (Deut. 23:19) Yet, Islam is the only faith which maintains this prohibition originally observed by Christians and Jews.