Looking for a right way to acquire finance to boost your business? Islamic finance is the best way to acquire finance through ways which are told by Islam. We will help you to know the difference between normal financing and loaning options and Islamic loaning options. By acquiring Islamic finance you can enhance the progress of your business and at the same time maintain the integrity of your cash flow within the limits mentioned in Islam.
Let your business be injected by Islamic finance as our company arranges an Islamic loan for you with your desired spectrum of capital injection.
The main principle of Islamic finance is its adherence to interest or riba-free financial transactions, while other principles are: prohibition of fixed return, profit-and-loss sharing and hence risk sharing, participatory financing; prohibition of gharar (uncertainty), speculation and gambling; money not having any
A banking system that is based on the principles of Islamic law (also known Shariah) and guided by Islamic economics. Two basic principles behind Islamic banking are the sharing of profit and loss and, significantly, the prohibition of the collection and payment of interest. Collecting interest is not permitted under Islamic law.
Since this system of banking is grounded in Islamic principles, all the undertakings of the banks follow Islamic morals. Therefore, it could be said that financial transactions within Islamic banking are a culturally distinct form of ethical investing (for example, investments involving alcohol, gambling, pork, etc. are prohibited). The Dubai Islamic Bank has the distinction of being the world's first full-fledged Islamic bank, formed in 1975.
Islamic Finance is governed by the Sharia (Islamic Law), sourced from the Quran and the Sunnah”. The term “Islamic banking” refers to a system of banking or banking activity that is consistent with Islamic law (Sharia) principles and guided by Islamic economics. In particular, Islamic law prohibits usury, the collection and payment of interest, also commonly called Riba in Islamic discourse. In addition, Islamic law prohibits investing in businesses that are considered unlawful, or haram (such as businesses that sell alcohol or pork, or businesses that produce media such as gossip columns or pornography, which are contrary to Islamic values). Furthermore the Sharia prohibits what is called “Maysir” and “Gharar”.