ICM (Islamic Capital Market)

The Islamic Capital Market (ICM) is a financial system that facilitates the buying and selling of assets like stocks, bonds, and funds in a way that complies with Islamic laws (Shariah). Unlike conventional markets, ICM avoids interest (riba) and investments in unethical industries. It promotes ethical finance through specialized financial instruments, such as sukuk (Islamic bonds), which fund projects in a Shariah-compliant manner. The ICM provides investors with opportunities to grow their wealth while respecting Islamic principles, fostering ethical investing and economic development in Muslim communities.