The foundational principles of Islamic finance include: 1. Prohibition of Riba (Usury): Interest-based lending, where money generates money without productive activity, is strictly forbidden in Islam.

Islamic finance is no longer a regional curiosity; it is becoming part of the structural foundation of global financial ...

Instead of thriving off of interest rates, Islamic banks use their customers’ money to acquire assets such as property or businesses and profit when the loan is successfully repaid. All Islamic ...

The AlBaraka Islamic ESG Index - Powered by Spectreco is creating a new blueprint for how values-based finance can lead the future of sustainable capital.

Riba, an Arabic word meaning “to increase” or “to exceed,” refers to unequal transactions and interest charges for borrowing money, which are forbidden by Islamic law.

Request an Islamic (Swap-Free) Account: Most brokers will offer the option to open an Islamic account directly during registration. In some cases, you may need to request the account separately ...

Last year, the U.S. Treasury Department imposed sanctions on four individuals in South Africa for transferring money on behalf of the Islamic State, including to armed groups in Congo and Mozambique.

Al Rayan Bank, the U.K.’s largest Islamic bank, will pay £4 million, equivalent to about $4.9 million, for failing to maintain sufficient money-laundering protections, regulators said Wednesday.

By decentralizing money creation and eliminating the privileges of central banks, Bitcoin ensures a fairer distribution of wealth, addressing economic disparities that plague many Islamic societies.