Islamic finance and economic justice
19/12/2025
Islamic finance is a financial system that complies with Islamic law and is based on principles of justice and transparency in financial transactions. The main foundation of Islamic finance lies in avoiding riba (interest) and the prohibition of dealing with it, as riba is considered injustice and leads to social disparity. Instead, Islamic finance encourages risk-sharing through profit and loss sharing.
Prominent examples of Islamic finance include profit-sharing, which allows companies and investors to invest together in projects through a partnership based on sharing profits and losses. Murabaha is also used in commercial transactions, where assets are sold to the buyer with a specified profit margin added.
The goal of Islamic finance is to achieve economic justice and combat social disparity, as it seeks to provide equal opportunities for people and distribute wealth more fairly among individuals.
References:
The Holy Quran: Surah Al-Baqarah, Verse 275.
Sahih Muslim: Hadith No. 2920.
Islamic finance is a financial system that complies with Islamic law and is based on principles of justice and transparency in financial transactions. The main foundation of Islamic finance lies in avoiding riba (interest) and the prohibition of dealing with it, as riba is considered injustice and leads to social disparity. Instead, Islamic finance encourages risk-sharing through profit and loss sharing.
Prominent examples of Islamic finance include profit-sharing, which allows companies and investors to invest together in projects through a partnership based on sharing profits and losses. Murabaha is also used in commercial transactions, where assets are sold to the buyer with a specified profit margin added.
The goal of Islamic finance is to achieve economic justice and combat social disparity, as it seeks to provide equal opportunities for people and distribute wealth more fairly among individuals.
References:
The Holy Quran: Surah Al-Baqarah, Verse 275.
Sahih Muslim: Hadith No. 2920.
Islamic finance is a financial system that complies with Islamic law and is based on principles of justice and transparency in financial transactions. The main foundation of Islamic finance lies in avoiding riba (interest) and the prohibition of dealing with it, as riba is considered injustice and leads to social disparity. Instead, Islamic finance encourages risk-sharing through profit and loss sharing.
Prominent examples of Islamic finance include profit-sharing, which allows companies and investors to invest together in projects through a partnership based on sharing profits and losses. Murabaha is also used in commercial transactions, where assets are sold to the buyer with a specified profit margin added.
The goal of Islamic finance is to achieve economic justice and combat social disparity, as it seeks to provide equal opportunities for people and distribute wealth more fairly among individuals.
References:
The Holy Quran: Surah Al-Baqarah, Verse 275.
Sahih Muslim: Hadith No. 2920.
