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Shariah-Complaint Financial Portal
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Introduction to Islamic Banking
The Islamic Economic System
Factors of Production
Distribution of Wealth
Riba
Commercial Interest and Usuary
Simple and Compound Interest
Islamic Contract
Sale
Musharkah
Mudarbah
Dimnishing Musharkah
Murabaha
Salam
Istisna
Istijrar
Glossary
Welcome to Islamic Financial Portal
Islam is not only a religion in the ordinary sense of the word, but a complete system of life. While other religious codes provide guidance only for the relation between man and his Creator, Islam guides man in his relationship with God, and gives him the norms which govern his temporal existence, since Islam is concerned with the spiritual, political, social economic, moral and all other material aspects of the human being.
Every social system has its own economic system. Islam being a comprehensive and distinct social system, possesses a corresponding economic system of its own. Islamic economics is fast developing into a different and distinct paradigm of economics. Therefore, a number of Islamic financial institutions have emerged in various Muslim as well as some non-Muslim countries.