Beyond_Riba

Islamic finance can be quite complex, however, it has four salient characteristics.

1. Islamic finance is asset based and doesn't attempt to commodify money.

2. Islamic finance involves the sharing of risk.

3. Islamic finance employs a clear methodology to share profit and loss.

4. Islamic finance avoids riba (interest) and other elements which are forbidden in Islam

https://www.beyondriba.com/insight/is-insurance-for-muslims

Is insurance for Muslims ? — Beyond Riba A brief look into how Muslims should approach the issue of insurance

Islamic Banking vs Conventional Banking
Saturday, January 22, 2022
2:00 PM 4:00 PM
A seminar by Beyond Riba in association with Kuils River Islamic Society Trust. The seminar will tackle some of the theoretical and practical aspects of both conventional and Islamic Banking. Seminar will include:

Overview of how a conventional bank works

Overview of how an Islamic bank works

Brief look at strategies used by Islamic banks to make a profit while avoiding interest

Discussion on whether Islamic banking is structurally different or merely different in name

Future of Islamic banking and developments in fintech and blockchain

Examples Islamic banks

Registration for Islamic Banking vs Conventional Banking