Sharia banking encompasses any financial activity that complies with Sharia law, also known as Shariah, Shari’a or Islamic law. Sharia banking operates on the principle that exploitative gains, referred to as riba or usury, are prohibited.
Sharia banking encompasses any financial activity that complies with Sharia law, also known as Shariah, Shari’a or Islamic law. Sharia banking operates on the principle that exploitative gains, referred to as riba or usury, are prohibited.