: The system forbids charging or receiving interest; wealth must be generated through legitimate trade and asset investment.
: Wealth is viewed as a tool to uplift society through zakat (alms-giving) and social generosity. Key Instruments and Growth Д°slami Finans
The phrase (Turkish for "Islamic Finance") refers to a financial system that operates according to Sharia (Islamic law) . It is characterized by the prohibition of interest ( Riba ) and investment in activities deemed harmful to society, such as gambling, alcohol, or tobacco. Core Principles : The system forbids charging or receiving interest;
: Transactions are based on sharing risks and profits between the provider of capital and the entrepreneur. such as gambling
: Funds cannot be used for forbidden ( Haram ) activities like pornography or pork production.
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