What is Shariah Compliant loans? Meaning, Definition, and Example

Shariah-compliant loans are financial transactions that adhere to the principles of Islamic law, known as Shariah, which prohibits interest (riba), uncertainty (gharar), and unethical practices. The sources of Muslim law, which include the Qur'an, Hadith, Ijma (consensus), and Qiyas (analogy), guide the definition and structure of Shariah-compliant loans.

For complete lecture on Shariah Compliant loans , and for more lectures on Islamic Banking and Finance visit: https://aims.education/what-are-shariah-compliant-loans/

The meaning of Shariah-compliant loans is that they are structured in a way that avoids interest-based lending and instead uses profit-sharing or asset-backed models, ensuring fairness and ethical dealings.

These loans align with the sources of Islamic law to provide financial solutions that are both lawful and just for Muslim communities.

#whatisShariah Compliant loans #Shariah Compliant #Compliant loans #AIMS #AIMSEducation #Education #elearning #Training #OnlineCourses #WhatIs #OnlineCourses #islamic banking finance #islamic banking #IBF

Institute of Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-institute/
Certified Islamic Banker (CIB)
https://aims.education/islamic-banking-certification-courses/
Certified Islamic Finance Expert (CIFE)
https://aims.education/islamic-finance-certification-courses/
Master Diploma in Islamic Finance (MDIF)
https://aims.education/diploma-in-islamic-banking-and-finance/
MBA in Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-mba-masters-degree/
PhD Islamic Finance
https://aims.education/phd-islamic-finance-and-banking/