1.6 How Islamic Finance works

season 1 Oct 26, 2020

In this episode, we introduce the basic principles of Islamic banking and finance. Learn some of the difference between conventional and Islamic banking.

Globally, there is a demand for a fair and just banking system that the Islamic banking and finance industry provides.

As this demand continues to rise, so does the awareness of the timeless principles and values of Islamic finance. Built upon the foundation of Islamic law, which prohibits usurious and speculative activities, the Islamic finance industry prides itself on engaging in business and financial dealings in an ethical manner. The sentiment of this industry is not one of greed, but one of mutual cooperation and partnership through a fair and equitable financial system. The Islamic finance industry has achieved such growth that it is now an astounding 2 trillion-dollar global industry. Not only is this the fastest-growing segment of the financial industry, but it is socially responsible and sustainable as well.

Where to listen

You can subscribe to the "Islamic Finance Podcast" with an app on your phone or computer and listen to episodes whenever you like. Episodes can be downloaded using a podcast app like Apple PodcastsStitcher (iOS, Android), Spotify or you can listen directly on our website.

Hosted by Almir Colan

Youtube direct link: https://youtu.be/TLF_0k1Osyk

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