Understanding Sharia-compliant banking in the modern world
Halal savings accounts operate on Islamic finance principles that have been practiced for over 1,400 years. Unlike conventional banks that deal with interest (riba), Islamic banks use profit-sharing and asset-backed transactions.
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Instead of lending your money with interest, Islamic banks invest in Sharia-compliant businesses and projects. The profits from these investments are shared with you based on pre-agreed ratios.
Mudarabah: Profit-sharing partnership where you provide capital
Wakala:: Agency agreement where bank invests on your behalf
Murabaha: Cost-plus financing for trade activitie
When you save with Islamic banks, your money funds halal businesses, ethical housing projects, and community development. You're not just protecting your wealth – you're actively building a more ethical financial system.
Helping UK Muslims achieve financial success through Sharia-compliant solutions.
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