The Islamic banking sector is outpacing traditional finance with remarkable momentum. In 2022, global Islamic finance assets hit $4.5 trillion, per ICD-Refinitiv, with projections to reach $6.7 trillion by 2027, per Statista. Its compound annual growth rate (CAGR) of 10% for 2023–2030, per Market Data Forecast, surpasses traditional banking’s 6–7%, per World Bank. What drives […]
What is Islamic Insurance? Islamic insurance, or takaful, is a financial system deeply rooted in Sharia principles derived from the Quran and Hadith. Unlike conventional insurance, which prioritizes profit through premiums and investments, takaful focuses on mutual assistance and collective responsibility. Participants contribute to a shared fund, which is then used to compensate any member […]
An Islamic economy is rooted in principles drawn from the Quran and the Sunnah. These teachings emphasize moral responsibility, social justice, and a strong link between ethical values and economic transactions. When we talk about an Islamic economy, we focus on justice, fair distribution of resources, and a sense of accountability before God. Unlike systems […]
Dear friends, we at the Equal Finance team are thrilled to announce a new and exciting initiative — the Equal Finance Discussion Club! This is not just another online meetup. It’s a purpose-built space designed to bring together curious minds, aspiring investors, and seasoned professionals to explore the world of halal investments, Islamic finance principles, […]
Islamic finance and banking represent an alternative financial system based on the principles of Shariah—the Islamic religious law. This system seeks to ensure justice, transparency, and ethics in financial relations. Over the past decades, Islamic banking has gained widespread acceptance not only in Muslim countries but also globally. This article examines the fundamental principles of […]
Islamic finance represents a system of financial relationships based on the principles of Shariah—the Islamic religious law. Unlike the conventional financial system, Islamic finance is governed by specific norms and prohibitions aimed at ensuring justice, transparency, and social responsibility. This article provides an in-depth look at the main prohibitions in Islamic finance, their principles, and […]