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 8 Min Read

Legality and Government Regulations Regarding Shell Corporation

Understanding Shell Corporation Shell Corporation is a business entity that has no significant assets, operations or business activities. Usually, these types of companies are established with the aim of carrying out certain functions and objectives, but they do not carry out real business operations. Shell Corporation is often considered a

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,