What is Islamic finance?
Sharia law has many rules that affect a Muslim’s daily life, including detailed requirements relating to commerce. Practicing Muslims ensure that they act in ways that are halal (permissible) and not haram (forbidden) by following the rules set out in the Qur’an and the Sunnah. There are many verses in the Qur’an dealing with permissible and impermissible commercial acts, including the verse that states, “And do not consume one another’s wealth unjustly or send it [in bribery] to the rulers in order that they might aid] you [to] consume a portion of the wealth of the people in sin, while you know [it is unlawful].”