Muamalat (Islamic transactions)

Muamalat refers to Islamic financial transactions that comply with Shariah law, emphasizing fairness, transparency, and ethical conduct. Unlike conventional finance, which may involve interest (riba), Muamalat promotes asset-backed dealings, profit-and-loss sharing, and ethical investments. Common examples include Islamic banking, leasing (ijara), and partnership contracts (mudarabah or musharakah). The goal is to facilitate economic activity while avoiding harm and ensuring that transactions promote social justice, moral integrity, and the well-being of all parties involved.