Islamic finance

E27187

Islamic finance is a system of banking and financial practices that complies with Islamic law, emphasizing risk-sharing, asset-backed transactions, and the prohibition of interest (riba) and excessive uncertainty (gharar).

AI illustration

How this image was made

AI-generated illustration of Islamic finance

This AI-generated illustration was produced by black-forest-labs/FLUX.2-dev (1024x1024) from a prompt written by openai/gpt-oss-120b from the entity's label + description.

Prompt

Generate an image of Islamic finance (Islamic finance is a system of banking and financial practices that complies with Islamic law, emphasizing risk-sharing, asset-backed transactions, and the prohibition of interest (riba) and excessive uncertainty (gharar).)

All labels observed (7)

How this entity was disambiguated

Statements (51)

Predicate Object
instanceOf banking system ⓘ
financial system ⓘ
alternativeTo conventional finance ⓘ
appliesTo Muslim-majority countries ⓘ
non-Muslim-majority countries ⓘ
basedOn Islamic law ⓘ
Shariah ⓘ
linked to: Sharia
corePrinciple asset-backed financing ⓘ
avoidance of speculation ⓘ
avoidance of unethical industries ⓘ
link to real economic activity ⓘ
profit and loss sharing ⓘ
prohibition of excessive uncertainty ⓘ
prohibition of gharar ⓘ
prohibition of interest ⓘ
prohibition of maysir ⓘ
prohibition of riba ⓘ
risk sharing ⓘ
emergedInModernForm 20th century ⓘ
expandedSignificantly early 21st century ⓘ
late 20th century ⓘ
governedBy Islamic scholars ⓘ
Shariah supervisory boards ⓘ
hasSector Islamic asset management ⓘ
Islamic banking ⓘ
Islamic capital markets ⓘ
takaful ⓘ
objective avoid exploitation in financial contracts ⓘ
promote equitable distribution of wealth ⓘ
promote social justice in finance ⓘ
prohibits financing of adult entertainment ⓘ
financing of alcohol industry ⓘ
financing of conventional weapons of mass destruction ⓘ
financing of pork-related products ⓘ
fixed or guaranteed interest payments ⓘ
gambling-related transactions ⓘ
pure monetary speculation ⓘ
relatedConcept Islamic economics ⓘ
linked to: Islamic finance

ethical finance ⓘ
socially responsible investing ⓘ
requires real economic purpose ⓘ
underlying tangible asset ⓘ
usesContractType ijarah ⓘ
istisna ⓘ
kafalah ⓘ
mudarabah ⓘ
murabaha ⓘ
musharakah ⓘ
salam ⓘ
wakalah ⓘ
usesInstrument sukuk ⓘ

How these facts were elicited

Referenced by (12)

Full triples — surface form annotated when it differs from this entity's canonical label.

Sharia → appliedIn → Islamic finance ⓘ
Islamic finance → relatedConcept → Islamic economics ⓘ
linked to: Islamic finance
https://www.iccia.com → relatedTo → Islamic economy ⓘ
linked to: Islamic finance
Shariah supervisory boards → appliesTo → Islamic banks ⓘ
linked to: Islamic finance
Maqasid al-Shariah → appliedIn → Islamic finance ⓘ
subject linked to: maqasid al-shariah
AAOIFI → appliesTo → Islamic banks ⓘ
linked to: Islamic finance
IFSB → regulatoryScope → Islamic banking ⓘ
linked to: Islamic finance
IFSA 2013 → subjectMatter → Islamic banking ⓘ
linked to: Islamic finance
IFSA 2013 → subjectMatter → Islamic money market ⓘ
linked to: Islamic finance
Islamic payment systems → implementedIn → Islamic banks ⓘ
linked to: Islamic finance
Islamic payment systems → integratesWith → Islamic capital markets ⓘ
linked to: Islamic finance
Islamic Banking Act 1983 → subjectMatter → Islamic banking ⓘ
linked to: Islamic finance