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Banking, Investments, Islamic
Finance, Islamic Banking and Venture Capital (VC) Funding
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The topic of Islamic Finance has heated
up immensely during the past few years because of the
need and high demand of investing money using halal
methods. Islamic finance usually refers to the topics of banking
products and services offered by various institutions. In the new terminology, it is also referred to as Islamic investments and Islamic banking. Islamic banking
provides opportunities to account holders for
interest-free or riba-free banking while Islamic
investments refers to channels. |
The issue of Islamic
Finance and Islamic Banking has surfaced
because Islam strictly prohibits riba
(also called interest and / or usury).
Islamic Banks have therefore surfaced to
provide Islamic financial services that
are free from riba and interest.
Click here to see one of the very few e-Books that addresses getting funding
for Muslim, Arab and Islamic Businesses
The Quran mentions in Sura An-Nisa (4:161):
That they took riba
(usury), though they
were forbidden and that
they devoured men’s
substance wrongfully –
We have prepared for
those among men who
reject faith a grievous
punishment.
There are mentions in
the Hadith as well about
the prohibition of Riba. Abu Hurayrah (ra)
narrated that the
Prophet (saw) said:
“Allah would not allow
four persons to enter
paradise or to taste its
blessings: he who drinks
wine, he who takes riba,
he who usurps an
orphan’s property
without right and he who
is undutiful to his
parents.”
There are other many
sources both in the
Quran and Hadith that
prohibit the dealing
with interest in all
it's forms. Islamic
banks therefore have
surfaced to provide
alternative and
sometimes comparable
services to Muslims who
want to abide by the
Islamic finance
guidelines.
Islamic
Finance Resources
Islamic
Loans
Muslim Business Financing
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