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Economics and Policy Planning Division SME WEEKLY NEWS (8 August 2016 12 August 2016) CountriesMALAYSIA Embank in took to help SMEsHighlights Embank Group has allocated RM300mil in Islamic financing

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How to fill out how islamic finance is

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To fill out how islamic finance is, follow these steps:

02

Understand the principles of Islamic finance: Islamic finance is based on principles derived from the Shariah law. It prohibits activities such as charging interest (riba) and investing in businesses that are considered haram (forbidden).

03

Study the different Islamic finance products: Islamic finance offers various products such as Islamic banking, Islamic insurance (takaful), and Islamic investment funds. Explore each product to understand how they operate according to Islamic principles.

04

Learn about the contracts used in Islamic finance: Islamic finance relies on specific contracts such as murabaha (cost-plus financing), musharakah (partnership), and ijara (leasing). Familiarize yourself with these contracts to understand how they are used in different financial transactions.

05

Understand the role of Islamic financial institutions: Islamic finance is offered by specialized institutions that comply with Shariah law. Learn about these institutions and their role in providing Islamic financial services.

06

Consider the ethical aspects of Islamic finance: Islamic finance promotes ethical and socially responsible investing. Understand how Islamic finance encourages investments in businesses that are beneficial to society and the environment.

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Stay updated with the latest developments in Islamic finance: Like any other financial industry, Islamic finance evolves over time. Stay updated with the latest news and developments to understand the current trends and opportunities in Islamic finance.

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Islamic finance is suitable for individuals and businesses who:

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- Want to adhere to Islamic principles: Islamic finance offers an alternative financial system for individuals and businesses who want to avoid interest-based transactions and comply with Shariah law.

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- Prefer ethical investments: Islamic finance promotes ethical and socially responsible investments. If someone is interested in investing their money in businesses that are beneficial to society and the environment, Islamic finance can be a suitable option.

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- Seek risk-sharing partnerships: Islamic finance emphasizes partnerships and risk-sharing. Individuals or businesses looking for financing options that involve sharing risks rather than merely charging interest may find Islamic finance beneficial.

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- Want to diversify their investment portfolio: Islamic finance provides a range of investment products and opportunities. Investors who want to diversify their portfolio according to Islamic principles can explore Islamic investment funds and other Islamic financial instruments.

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- Need insurance coverage adhering to Islamic principles: Islamic finance offers Islamic insurance (takaful) that complies with Shariah law. Individuals or businesses who want insurance coverage while avoiding practices deemed haram can consider Islamic insurance.

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- Prefer an inclusive financial system: Islamic finance aims to provide financial services to a broader segment of the population. It promotes financial inclusion and supports individuals and businesses who may have limited access to conventional banking services.

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What is how islamic finance is?

Islamic finance is a financial system that operates according to Islamic law (Sharia) principles, which prohibits earning interest (riba) and investing in businesses that are considered haram (forbidden).

Who is required to file how islamic finance is?

Islamic financial institutions, companies, or individuals involved in Islamic finance transactions are required to file how Islamic finance is.

How to fill out how islamic finance is?

To fill out how Islamic finance is, one must report details of all financial transactions that comply with Islamic law (Sharia) principles.

What is the purpose of how islamic finance is?

The purpose of how Islamic finance is to ensure transparency and compliance with Islamic law (Sharia) principles in financial transactions.

What information must be reported on how islamic finance is?

Information such as types of Islamic finance transactions, amounts involved, parties involved, and compliance with Sharia principles must be reported on how Islamic finance is.

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