Islamic finance (halal or halaal finance) is a way of banking, lending and borrowing money — that is consistent
with the principles of Islamic or sharia law.
These principles include the avoidance of financial activities seen as forbidden (haram) — Including things like
riba and usury. Ultimately, this means that sharia compliant loan providers — do not charge interest on any amount
borrowed and do not fund businesses involved in things like alcohol, betting etc.
Tell us how much you want to borrow and we will find the best lenders for you.
Central to Islamic finance is the concept that, as money has no intrinsic value, one should not be able to make
money from money directly. Money is simply seen as a medium of exchange and as such — charging interest is
forbidden.
With Islamic finance, wealth can only be created by partaking in legitimate trade activities and investing in
assets. In other words — money must be used in productive ways.
Accordingly, Islamic finance is primarily based on trading — where risks are shared between the person providing
the capital and the person with the expertise. Thus both profits and losses are shared.
A business that is interested in a Islamic finance product, may approach an Islamic bank or other sharia compliant
financial institution. These Islamic banks, can finance your business with a variety of different financial
products — depending on what you specifically need.
These products can be used for working capital, project financing, equipment lease, equity-based finance, letters
of credit and more. These products will all be structured in ways that adhere to the principles of Islamic
banking, namely: the sharing of profits and losses, and the ban on the collection and payment of interest.
