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Islamic Bank Launches Europe’s 1st Interest-Free Digital Service

BERLIN – At an exclusive meeting in Germany, the Bahraini Al Baraka Banking Group B.S.C. (“ABG”) announced on September 30 the introduction of the “insha” project to provide Islamic interest-free digital banking services in Europe, Zawya reported. “We’re indeed very excited to mark today, a historical milestone, which can be summarized as 40 years of …

Sharing Risk in Islamic Finance is The Future

Sharing Risk in Islamic Finance is The Future

The point is not really to say give a label and say this is Islamic Finance. The point is that Islam has solutions, that’s all it says. It says my solution for your financial system is to get everybody to share risk. Remember what happens if I want to share risk…

Zakah and the Economic System in Islam

Muslims around the world wonder why despite of the immense resources in their countries and around the world, they have been suffering economic deprivation for centuries! What has gone wrong? Let us first take a closer look at the Islamic economic system from the time of the Prophet Muhammad…



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