Muamalat (Islamic economic system)

Muamalat refers to the principles governing Islamic commercial and economic activities, rooted in Shariah law. It emphasizes ethical dealings, mutual fairness, and social responsibility, prohibiting interest (riba), uncertainty (gharar), and unjust practices. Instead, it promotes profit-and-loss sharing, asset-backed transactions, and transparency. The aim is to foster a just and moral economy that aligns business practices with Islamic values, ensuring that wealth circulates ethically and benefits society as a whole. Muamalat thus creates a balanced, equitable economic system that respects religious principles while supporting sustainable growth.