MODERN PERSPECTIVE ON ISLAMIC FINANCE

Аннотация

Islamic finance is a financial system based on Sharia law that emphasizes justice, fairness, and equality. It differs significantly from traditional economic systems that rely on interest, uncertainty, and speculation. Instead, Islamic finance is based on profit-and-loss agreements, asset financing, and risk-sharing, making it an ethical financial model that promotes social and economic justice, entrepreneurship, and long-term development.