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Islamic Finance: A Path to Ethical Economic Practices
This chapter explores the evolution and integration of Islamic finance in various countries, focusing on its compliance with Sharia law as an alternative to conventional finance. The discussion highlights the challenges and innovations surrounding Tawarruq, ethical implications of riba, and the need for reform in financial practices. It also addresses the impact of interest-based systems on economic stability, the accessibility of homeownership, and the potential role of Islamic finance in mitigating financial crises.