Islamic finance is based on Sharia law and offers an alternative to conventional financial systems. It is rooted in ethical and moral principles and emphasises fairness, transparency, and equitable distribution of wealth all of which are encapsulated in the Sharia law1. Islamic finance essentially refers to financing methods aligned with Islamic legal principles reflecting the values embedded in Islam.
Range of industries
Islamic finance encompasses financial activities that allow individuals, institutions, governments,
and financiers to invest or raise funds in accordance with Islamic law principles.