Is there such a thing as an ‘Islamic’ Investment?

Is there such a thing as an ‘Islamic’ Investment?

Is there such a thing as an ‘Islamic’ Investment? Look at its Form, Spirit and Outcome. [part 1] Islamic Finance has developed rapidly over the past 2 decades, mainly in Muslim-majority countries. Islamic Banking, the Islamic Capital Market and Takaful (a form of Insurance) are multi-billion dollar industries today. Its Form in terms of contracts, fatwas (rulings) and guidelines is already very well established. Numerous government, research, scholarly and educational institutes devote substantial resources to the continued development of the form of Islamic Finance. [Read: Islamic Finance Explained: Financing for a Better World]…