The Islamic finance model is designed to provide an alternative for those who seek a more ethical way of managing their money. It works on the basis of risk-sharing, and these principles are laid out in the Sharia law – which governs all aspects of Islamic life. In addition, investments undertaken should not involve pure speculation or support practices that are immoral and likely to cause harm to individuals and the wider society.

The overarching principle of this system is that all forms exploitation are prohibited and it focuses on providing a sustainable economic development within an ethical framework .

– Risks are shared among investors and profits as well. In addition, Islamic finance is not based on interest. Rather it focuses on providing a sustainable economic development with an ethical framework.

Content: The overarching principle of the system is that all forms exploitation are prohibited and it focus’s on providing a sustainable economic development within an ethical framework – this includes risks being shared across investors and profit’s rather than simply coming from one source such as interest rates (which would be considered exploitative).