On this site you can:

  • Get basic information on Islamic investment, Islamic banking, Islamic finance, and Islamic insurance options are available.
  • Understand what the basic finance and investment terminology in today's marketplace.
  • Be able to identify what financial services and investments are allowed or prohibited under Islamic principles.
  • Share their experience on Islamic investment, Islamic banking, Islamic finance, and Islamic insurance with fellow Muslims around the world, by participating in the forums, and commenting on articles, news, and other sections of the site.
  • Share any news or conferences or courses related to Islamic investment, Islamic banking, Islamic finance, and Islamic insurance that would be interesting for Muslims.
  • Find business partners or venture capital to invest in your project.
  • Get advice and give advice and views with other Muslim visitors of this site.

We also welcome authors to write articles about Islamic investment, Islamic banking, Islamic finance, and Islamic insurance.

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Our Mission is to provide Muslims world wide with useful and practical information about Islamic investment, Islamic banking, Islamic finance, and Islamic insurance consistent with their beliefs and values.Our vision is to help Muslims help themselves, help each other and help others by growing their wealth, and serving their financial needs in an Islamically Correct® way.

Mortgage

Mortgage is a long term loan, usually for a person or family topurchase a house over a long period (30 years). This is fairlycommon in Western societies (perhaps the only way onecould afford or buy a house in those societies).

This practice barely exists in Muslim countries, at least for now.

This involves interest (and a lot of it!), and therefore alternativeshave to found to this method.

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Bank Accounts

Conventional Bank Accounts fall into two main categories:

  • Saving Account: Here you keep your money in the bank (for safety reasons) as well as earn a fixed interest rate on it.
  • Checking Account: This normally doesn't have interest paid by the bank.

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Strength in Numbers

There are more than 1.2 Billion Muslims worldwide. This represents a huge demographic by any standard.In today's economy there are not much choice for a Muslim to conduct his/her banking and investment without running into interest.By grouping together, Muslims can show the global financial institutions that there are sufficient numbers that warrant customized products that avoid interest, and yet make good business sense.

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