Fatwas on Islamic finance

A fatwa in Islamic finance is a legal opinion or decree issued by a qualified Islamic scholar regarding financial matters. It determines whether a specific financial practice, such as banking, investing, or contracts, aligns with Islamic law (Sharia). Since Islamic finance prohibits practices like usury (charging excessive interest) and promotes ethical investing, fatwas ensure financial transactions adhere to these principles. Businesses and individuals often seek fatwas to ensure their financial activities are compliant with Islamic values, helping them navigate the complexities of modern finance while remaining faithful to their beliefs.