CORPORATE WINDOW: Creating value with Islamic finance

In a world characterised by economic dynamism and financial innovation, Islamic finance emerges as a distinctive and increasingly influential system. It emphasises real trade and economic activities while prohibiting interest-based transactions, speculation, artificial financial instruments and toxic assets like conventional derivatives. Rooted in Islamic commercial law and underpinned by a robust ethical foundation, Islamic finance promotes fair conduct, risk-sharing and asset-backed transactions. According to the Islamic Finance Development (IFD) Report 2023, the global Islamic finance industry has maintained its growth momentum, with assets surpassing $4.5 trillion and the number of Islamic financial institutions rising to 1,871.