2K views · 11 reactions | IBA’s MS Islamic Banking & Finance – Where...

Have you heard of Islamic banking or No -interest banking ? Islamic banking, also referred to as Islamic finance or Shariah-compliant finance, refers to financial activities that adhere to Shariah (Islamic law). Two fundamental principles of Islamic banking are the sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and investors. Certian trades aee prohibited under Islamic banking like, Alcohol , gambling /speculation, Sale of Pork . In Nigeria th

6.9K views · 48 reactions | What are the biggest misconceptions about...

The Islamic finance sector is expected to grow to USD7.5 trillion by 2028. But what is Islamic finance, and how do we ensure our products are Shariah compliant? Watch our latest video for answers from Alaa Alaabed, a director in our Islamic FM products team, and Momin Jaffar, Group Head, Private Banking, UAE. The latest chapter in our Spotlight series takes you inside the world of Islamic finance, a sector growing beyond its traditional faith-based roots - https://www.sc.com/en/campaigns/islamic