Keywords
Shariah-compliant
How to Cite
Abstract
This article explores the core principles of Islamic finance, its applications in modern economies, and the opportunities it provides for sustainable economic growth.
It examines the challenges faced by the Islamic finance industry and proposes innovative approaches to overcome them. The study incorporates a review of key literature, analyses global trends, and presents actionable recommendations for fostering Islamic finance in diverse financial ecosystems.
References
1. Ahmed, H. (2011). Principles of Islamic Finance and Their Applications. Oxford University Press
2. Usmani, M.T. (2020). An Introduction to Islamic Finance. Darul Ishaat.
3. Khan, F. (2018). "Islamic Finance: Challenges and Opportunities," Journal of Islamic Economics.
4. AAOIFI. (2023). "Standards for Islamic Financial Institutions."
5. Islamic Financial Services Board (IFSB). (2023). Global Islamic Finance Report.
6. International Monetary Fund (IMF). (2024). "Islamic Finance and Economic Stability."
This work is licensed under a Creative Commons Attribution 4.0 International License.
