Shariah-Compliant Finance

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Definition of “Shariah-Compliant Finance” :

“Shariah-Compliant Finance” refers to financial practices and transactions that adhere to Islamic law, also known as Shariah. This includes prohibitions against earning interest (usury), investing in businesses that are considered haram (forbidden), and engaging in uncertain transactions. In South Africa, it’s a growing sector catering to the financial needs of the Muslim community.

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