Islamic finance and the banking system present a unique model of financial relations based on the principles of Shariah law. Unlike the conventional banking system, Islamic banks operate without the use of interest and adhere to strict ethical norms. This article provides a comparative analysis of Islamic and conventional banking systems, examines their principles, practices, […]
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 […]