Islamic Banking System
Islamic banking refers to a system of banking or banking activity which is consistent with the principles of Islamic law (Sharia) and guided by Islamic economics.
In particular, Islamic law prohibits usury and the collection and payment of interest, also commonly called riba in Islamic discourse. Generally, Islamic law also prohibits taking financial risks (such as betting and gambling). In addition, Islamic law prohibits investing in businesses that are considered haram (such as businesses that sell alcohol or pork, or businesses that produce un-Islamic media). ......