Sukuk

Banking and financial services conducted according to Islamic law, which forbids interest and requires risk to be shared. From institutional beginnings in the 1960s the sector has grown into a multi-trillion-dollar industry serving Muslim and non-Muslim customers alike.

Islamic banking represents a comprehensive approach to finance based on Sharia principles, emphasizing ethical finance, risk-sharing, and asset-backed transactions while prohibiting interest (riba), creating alternative mechanisms that influence global economies.