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 […]
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 […]