Prohibition of Interest "Riba"
Literally means excess, and unjustifibale increase of capital whether in loans or sales. Islam encourages earnings of profits, as it creates assets, and prohibits interest.
Risk Sharing
Suppliers of funds become investors instead of creditors & share business risks in return for profits.
Money as "Working Capital"
Islam recognises time value of money only when it acts as capital & not when it is "Potential Capital".
Shari'ah Compliant Activities
Business activities have to comply with norms of the Shari'ah.
Prohibition of Speculative Behaviour
Discourages hoarding & transactions featuring uncertainties (Gharar).
Sanctity of Contracts
Upholds contractual obligation & disclosure of information.
Rights of Property
Natural resources are to be used for the good of mankind & man is a repository of nature.
Equality
To secure economic livelihood.
Social Justice
Mutual love & affection amongst people. Aims at striking balance between individual and community.
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