At the same time, Islamic finance demands the avoidance of riba (usury) and gharar (ambiguity or deception). Islamic law views lending with interest payments as a relationship that favors the ...

From digital wallets to blockchain, the rise of FinTech (financial technology) is undeniable. However, for a significant ...

In traditional Forex trading, positions held overnight often incur swap fees or interest charges, which are prohibited in Islamic finance as they fall under riba (interest). To accommodate Muslim ...

The two experts agreed that cryptocurrency could be a revolutionary step forward for Islamic finance, moving away from traditional banking systems that rely on Riba. Mr Ammous pointed out that ...