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  • Islamic finance, also known as Sharia-compliant finance, is a system of banking or financial activities that adheres to Sharia (Islamic law) and its practical application through Islamic economics​​​​.
    Founded on the principles of Sharia, Islamic finance is characterized by the prohibition of riba (interest) and investments in businesses providing goods or services considered contrary to Islamic principles, such as pork or alcohol​​​​​​.
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    Important Principles & Components of Islamic Finance System - Musaffa Academy
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