Islamic Commercial Law

Islamic Commercial Law, also known as Islamic Finance, regulates business transactions according to Islamic teachings. It emphasizes fairness, transparency, and ethical dealings, prohibiting interest (riba), gambling (maysir), and investments in prohibited (haram) sectors. Instead, it promotes profit-and-loss sharing, asset-backed financing, and risk-sharing principles. Transactions are guided by Shariah law, ensuring that economic activities align with moral values, promote social justice, and foster community welfare. Overall, Islamic Commercial Law aims to create a just, ethical, and sustainable financial system rooted in Islamic principles.