AP: Research Reveals Islamic Finance is a Good Way to Stabilise Economies and Facilitate Growth - Experts Explain
24 Apr 2022 apnews.com
MELBOURNE, Australia, April 27, 2022 (GLOBE NEWSWIRE) -- International finance experts report that Islam finance is the solution for a stabilised, healthy global economy. Halal home loan experts Hejaz Financial Services explain how Sharia financial services are the way forward for a balanced, thriving economy.
Hejaz Financial Services explains that Islamic finance - especially in comparison to socialist and capitalist economic systems - promotes a just, equitable distribution of wealth, creation of wealth and set of wealth protection regulations. These principles are upheld by the building blocks of Islam: The Quran, Sunna, Ijma and Qiyas. These outline the fundamentals that Islamic finance is built upon, which include zero interest, asset-backed financing and justice. These fundamentals, says Hejaz Financial Services, ensure effective distribution of wealth. This is essential for the sustainable development of any economy.