Islamic Finance
Islamic finance encompasses financial services complying with Shariah law, emphasizing ethical investing, asset-backed transactions, profit-risk sharing, and prohibition of interest, speculation, and investment in prohibited industries.
| Core Principles | Requirements |
| No riba | Interest prohibition |
| Asset-backed | Real economic activity |
| Risk-sharing | Profit and loss participation |
| Ethical investment | Halal business only |
| Transparency | Full disclosure |
| Islamic Banking Products | Structure |
| Current accounts | Qard hassan (benevolent loan) |
| Savings accounts | Mudaraba (profit-sharing) |
| Home financing | Murabaha, Ijara, Musharaka |
| Business financing | Mudaraba, Musharaka partnerships |
| Trade finance | Murabaha, Salam, Istisna |
| UAE Market Context | Status |
| Market share | 20-25% of banking sector |
| Major institutions | Dubai Islamic Bank, Emirates Islamic |
| Regulatory framework | Central Bank oversight |
| Product parity | Competitive with conventional |
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