IslamicFinance.de

There is a lack of understanding of Islamic finance, so people misunderstand or underestimate the topic. Islamic finance deals with financial aspects in our day-to-day activities, and forms a very small part of Islamic law (Shariah). Islamic finance tries to achieve - insofar as the financial sector is concerned - mostly the preservation and protection of property. However, financial products in line with Shariah are not miraculously different from conventional ones, but there are subtle differences. Islamic financial institutes aspire to objectives greater than the accumulation of wealth. They aim for social stability and progress. An Islamic financial system also plays a major role in wealth distribution through Zakat, Waqf etc. Individuals as well as the society as a whole can benefit from Islamic finance.