Financial Context

Understanding Sharia Economics and Conventional Economics

Financial Context 10 Min Read

Sharia economics is an economic system whose principles and operations are based on Islamic law or Sharia. The uniqueness of sharia economics lies in the strict prohibition against the practice of riba (interest), which is considered detrimental and unfair in financial transactions. In addition, sharia economics also prohibits gharar (uncertainty) and maysir (speculation), which can often lead to economic instability.

Wake up with our popular morning roundup of the day's top military and defense stories

Stay Updated

Get the latest headlines, discounts for the military community, and guides to maximizing your benefits
- Advertisement -
Ad imageAd image

More Stories

Financial Context 4 Min Read

It’s Not About Capital, Here Are 4 Traits of Successful Investors That Everyone Can Possess

When starting to invest, many people assume that having a large amount of capital is the key to success. While this isn't entirely wrong, there are many other, more important aspects of investing that can help investors achieve their financial goals. In fact, many investors have managed to significantly increase

Financial Context 10 Min Read

Probability Concept in Expected Payoff

Definition of Expected Payoff Expected Payoff is an important concept in the theory of decision making under uncertainty, which is used to calculate the average payoff of the alternatives faced by the decision maker. In simple terms, expected payoff is the expected value or estimate of the reward that will

Financial Context 11 Min Read

Basic Principles of Bimetallic Standards

A bimetallic standard is a monetary system that uses two different metals as the basis of its currency, usually gold and silver. In this system, the value of currency is measured in both gold and silver. Each unit of currency can be exchanged into a certain amount of gold or

Financial Context 10 Min Read

Understanding Sharia Economics and Conventional Economics

Sharia economics is an economic system whose principles and operations are based on Islamic law or Sharia. The uniqueness of sharia economics lies in the strict prohibition against the practice of riba (interest), which is considered detrimental and unfair in financial transactions. In addition, sharia economics also prohibits gharar (uncertainty)

Financial Context 9 Min Read

Examples and Implications of Using Credit Spreads in Investment

Credit Spread is a term used in the financial world to describe the difference in interest rates between two different instruments with different levels of risk. In general, Credit Spread refers to the difference between the interest rate or yield offered by two bonds or securities with different credit ratings.

Financial Context 8 Min Read

How Unit Linked Insurance Plans (ULIP) Work

Definition and Introduction of ULIP Unit Linked Insurance Plan (ULIP) is a revolutionary insurance product that combines life insurance with investments. This product offers double benefits for policy holders, namely financial protection for the family in the event of death or disability, as well as the opportunity to make profits

Most Popular

Sanae Takaichi Made History as Japan’s First Female Prime Minister

On October 21, 2025, Japan entered a new chapter in its political history as Sanae

Consequences of Zero-Sum Games in Economics

Definition of "Zero-Sum Game" Zero-sum games are a concept in game theory and economics that

Measuring Depreciation Adequacy

Definition of Depreciation Adequacy Depreciation adequacy is an important concept in the financial sector related

The Role of Quote Currency in Transactions

Understanding Quote Currency Understanding quote currency is an important concept in the world of trading,