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.

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

Global blockchain platform Binance has launched a Sharia-compliant multi-token in alignment with Islamic principles to promote inclusivity in crypto-trading.

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 ...

An Islamic money market operating worldwide among financial institutions adhering to Sharia law will likely go operational in October in Manama, reported the Gulf News on Monday. ...

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.

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.