Islamic banking and finance offer an alternative approach to conventional financial systems, grounded in Islamic principles and designed to comply with Shariah law. This system has gained popularity worldwide, particularly in regions with large Muslim populations, including the Middle East, Southeast Asia, and Africa, and has been trying to get a foothold in Western economies.

Zakat, one of the Five Pillars of Islam, is not merely an act of charity but a fundamental obligation for all Muslims who meet certain financial criteria. Derived from the Arabic root “zakaa,” which means purification, growth, and blessings, Zakat purifies one’s wealth and helps reduce inequality in society by supporting the needy. It reflects

Islamic finance is a financial system that operates financing activities under Islam law (Shariah). It is based on the teachings conveyed in the Quran, Hadith (words of the prophet Muhammad), and other Islamic jurisprudence. Unlike conventional finance, Islamic finance respects the core values of equity, social responsibility, and ethics, especially in business transactions. Below are