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Category: Ethics and economics under sharia
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Corruption and Lack of Accountability: An Islamic Perspective and a Call for Reform
Corruption is one of the most destructive social evils affecting modern societies. It manifests in various forms such as bribery, embezzlement, fraud, nepotism, and misuse of authority. At its core, corruption reflects a breakdown of moral values and governance, where self-interest takes precedence over justice, honesty, and the welfare of the people. In many nations,…
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Islamic Banking and Finance: A Shariah-Based Perspective on Riba and Modern Commercial Banking
Islamic banking and finance is a financial system that operates in accordance with the principles of Shariah (Islamic law). Unlike the conventional banking model, which is based largely on interest (riba) and speculative activities, Islamic finance adheres to strict ethical, moral, and legal codes derived from the Qur’an and the authentic Sunnah of the Prophet…