Halal investments, compliant with Sharia principles, are gaining traction not only among Muslims but also among investors seeking ethical and sustainable financial instruments. In 2025, the global Islamic asset market is valued at $5 trillion, growing at 15–25% annually. This article explores key halal investment options, their features, and prospects, based on the latest data. […]
Islamic finance, grounded in Sharia principles, is gaining momentum worldwide, and Russia is actively joining this trend. Since 2023, the country has been conducting an experiment to introduce partner financing compliant with Islamic law. This article explores the current state of Islamic finance in Russia, key achievements, challenges, and prospects for 2025, drawing on the […]
What is Takaful? Takaful is an Islamic insurance system compliant with Sharia principles. The term comes from the Arabic word “takafala,” meaning mutual responsibility. Participants contribute to a shared fund. This fund covers claims during insured events. The system avoids interest, gambling, and uncertainty, prohibited in Islam. Takaful is built on mutual help and cooperation. […]
Sharia-compliant capital attraction methods are pivotal in driving Islamic banking growth, excluding riba (interest) and haram (prohibited industries). Mechanisms like mudarabah, musharakah, murabahah, ijarah, sukuk, and digital tools fuel the sector’s expansion, with assets reaching $4.5 trillion in 2022, per ICD-Refinitiv. Statista projects growth to $6.7 trillion by 2027, while Market Data Forecast estimates a […]
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 […]
Islamic finance, rooted in Sharia principles, offers an ethical alternative to conventional investing, blending profitability with social responsibility. By prohibiting riba (interest) and haram (forbidden industries), it emphasizes real assets and transparency. In 2024, the Islamic finance market reached $4.5 trillion, according to Deloitte, drawing investors seeking sustainable, value-driven solutions. Islamic securities sukuk—a Sharia-compliant bond […]
Islamic banking is a philosophy rooted in fairness, ethics, and partnership. By banning riba (interest), it focuses on the real economy, sharing profits and losses among stakeholders. This model captivates not just Muslim-majority nations but the world, offering stability amid economic storms. Ernst & Young’s 2024 report pegs Islamic financial assets above $4 trillion, with […]
What is Social Responsibility in Islamic Finance? Social responsibility is a core pillar of Islamic finance, rooted in Sharia’s ethical framework from the Quran and hadiths. Islamic finance demands fairness, transparency, and a ban on exploitation, inherently tied to societal welfare. Unlike conventional finance, where profit often reigns supreme, Islamic finance prioritizes community well-being alongside […]
What is Sharia in the Financial Context? Sharia is the Islamic legal framework, drawn from the Quran, the Prophet Muhammad’s hadiths, and scholarly interpretations, guiding all life aspects, including banking. In the Islamic banking sector, Sharia establishes ethical and religious standards, setting it apart from conventional systems. Its core aim is to promote fairness, transparency, […]
What Are Sukuk? Sukuk are Islamic financial instruments, a form of Sharia-compliant securities akin to bonds, rooted in the Quran and the Prophet Muhammad’s teachings. Unlike conventional debt tools, they grant ownership in tangible assets—real estate, infrastructure, or equipment—rather than promising interest-based returns. This structure avoids riba (interest), aligning with Islamic prohibitions, and ties income […]