The global Muslim population is expected to reach 1.8 billion by 2030, and as the world becomes more diverse with an increasing number of Muslims, Islamic banking has grown exponentially in recent years.

This growth has been fueled primarily by the rise of a new generation of Muslim consumers who are seeking financial services that adhere to their religious beliefs. In this blog post, we’ll discuss how Islamic banks work and why they have become so popular among Muslim consumers today.

The global Muslim population is expected to reach 18.0 billion by 2030, and as the world becomes more diverse with an increasing number of Muslims, Islamic banking has grown exponentially in recent years.

This growth has been fueled primarily by the rise of a new generation of Muslim consumers who are seeking financial services that adhere to their religious beliefs. In this blog post, we’ll discuss how Islamic banks work and why they have become so popular among Muslim consumers today.

-Islamic Banking: The fundamental principles behind Islam’s prohibition on interest make most forms of our contemporary finance system incompatible with shariah law; however, there are some ways for Muslims to engage in business transactions while adhering strictly to these principles. One such way is through “interest