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About Islamic Banking
The emergence of Islamic banking in recent decades is one of the most important trends in the financial world. There has always been a demand among Muslims for financial products and services that conform to the Shariah (Islamic law).
With the development of viable Islamic alternatives to conventional finance, Muslims are increasingly able to participate in the financial world without bearing an economic penalty.
The Concept
The equity and debt instruments used to design Islamic banking services are based on a rich tradition of Islamic law.
The Industry
Islamic banking is one of the fastest growing financial sectors today. It is young, indigenous and community-focused.
Financial instruments
Mudaraba, murabaha and ijara are the three most common Islamic financial instruments used today.
