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Business

Talks related to business and related areas such as Islamic Finance. A Muslim businessman or businesswomen have very important rules and regulations they have to abide by. There is also great reward in being a honest business person.

Islamic marketing can be defined as the wisdom of satisfying customers’ needs through the good conduct of delivering Halal – wholesome, pure, and lawful products and services with the mutual consent of both seller and buyer for the purpose of achieving material and spiritual well-being in this world and the next as well as making consumers aware of it through the good conduct of marketers.

Islamic finance is a method of financing that must adhere to Sharia law (Islamic Law). The term can also refer to investments that are permitted by Sharia law.

Along with the creation of Islam came the common practices of Islamic money and banking. Formal Islamic finance, on the other hand, did not emerge until the twentieth century.

Some activities, such as producing and selling alcohol or pork, are prohibited in Islam. The activities are considered haram or forbidden. Therefore, investing in such activities is likewise forbidden.

Sharia strictly prohibits any form of speculation or gambling, which is called maisir. Thus, Islamic financial institutions cannot be involved in contracts where the ownership of goods depends on an uncertain event in the future.

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