Category: Islamic finance

👋 Welcome to our Islamic Finance section dedicated to the ethics and principles of Islamic finance! 🕌

Islamic finance (IF) is based on Islamic law. An essentially religious right. It aims to safeguard reason and the integrity of the religious message, the continuity of procreation, the protection of property. In this perspective, the IF must respect a certain number of principles in order to be in conformity with the will of God.

Indeed, it is a financial system that has religious origins. Thus, it prohibits certain practices. The practice of interest, speculation, gambling are prohibited. This finance does not finance certain areas of activities supposed to be haram. However, it advocates the principle of profit and loss sharing between the partners. It also encourages investment in real assets. Unlike traditional finance, it is more connected to the sphere of the real economy.

We will see in this category the Islamic Sukuk bonds. Islamic insurance: Takaful. Religious taxes called Zakat. And many other elements such as: the Quard Hassan, Moudharaba; Musharakah; Ijara, Salam, etc.

If one wishes to know the different mechanisms of operation of Islamic finance, one must above all realize that it is the result of the influence of religion on morality, then of morality on law, and finally of law. on the economy to end up in finance.

Whether you are a follower of Islamic values ​​or simply interested in Islamic-compliant financial solutions, our Islamic Finance section is your one-stop shop for relevant advice and information.

We cover the fundamentals of Islamic finance, such as prohibiting usurious interest (riba) and investing in sectors consistent with Islamic ethics. Our goal is to help you understand the key concepts of Islamic finance and apply them in your financial life.

Our team of Islamic finance experts are here to answer your questions, guide you in your investment decisions and provide personalized advice based on your specific needs.

Join our Islamic Finance community now and find out how to combine your Islamic values ​​with responsible financial management 💪. Visit our section regularly to stay informed of the latest trends and best practices in Islamic finance 🚀.

CHECK THE ARTICLES BELOW

 

Trading as a Muslim

August 24, 2023 Par Faustin Djoufouet

Want to trade as a Muslim? Well, you've come to the right place. In fact, more and more Muslims are attracted by the possibility of making quick profits and want to engage in speculative trading in the financial markets.

Investing in the stock market as a Muslim

August 22, 2023 Par Faustin Djoufouet

How to invest in the stock market as a Muslim? Investing in the stock market fascinates more and more people who are seduced by the possibility of generating additional income over the long term. However, many Muslims are hesitant to start, fearing that the practice is incompatible with their faith. Islam very strictly regulates financial transactions, prohibiting many common mechanisms of modern markets.

Advantages of investing in Islamic finance

21th February 2023 Par Faustin Djoufouet

Islamic finance is a growing field of financial services based on the principles of Islamic Shariah. Islamic finance is increasingly popular with investors because it offers a unique and ethical way to invest and manage money. In this article, we will look at the pros and cons of investing in Islamic finance, as well as the regulations and industry standards that govern this type of investment.

Fintech and Islamic finance

10th February 2023 Par Faustin Djoufouet

The world of finance is changing, and so is its technology. With the rise of innovative financial technologies, Islamic finance saw a great opportunity to improve its services and offerings. In this article, I will cover the fundamentals of Islamic finance, an overview of innovative financial technologies, the benefits of applying innovative financial technologies to Islamic finance.

Taxation of Islamic financial products

9th February 2023 Par Faustin Djoufouet

What is the Taxation of Islamic financial products? Islamic finance is growing in popularity around the world, particularly in the Middle East and Asia. It is a system based on the principles of Islamic law and designed to promote ethical investments and foster social responsibility.