"And whoever fears Allah - He will make for him a way out. And will provide for him from where he does not expect. And whoever relies upon Allah - then He is sufficient for him. Indeed, Allah will accomplish His purpose. Allah has already set for everything a [decreed] extent." (Quran, Surah At-Talaq, 65:2-3)
At the Islamic Monetary Council, our commitment to upholding Islamic financial principles is deeply rooted in the teachings of the Quran and the Sunnah of our beloved Prophet Muhammad (ﷺ) as explained by the illustrious Fuqahā’ (Jurists). We believe that our financial transactions should be a reflection of our faith, and a manifestation of our adherence to teachings of Islamic in matters of Mu’āmalāt (finance).
Why Shariah Compliance Matters:
Divine Guidance: Allah Ta’ālā, in His infinite wisdom, has provided us with a comprehensive framework for living our lives, including our financial matters. Our financial dealings should align with the divine guidance found in the Quran and the Sunnah.
Economic Justice: Islam places a strong emphasis on economic justice. Ensuring that our financial transactions are Shariah-compliant promotes fairness and equity in society.
Avoidance of Riba (Usury): The Quran explicitly prohibits Riba (usury/interest) in multiple verses, emphasising the harm it causes to individuals and society. By adhering to Shariah principles, we steer clear of this harmful practice.
Wealth Redistribution: Zakat, one of the pillars of Islam, underscores the importance of wealth redistribution and supporting those in need. Shariah-compliant finance helps fulfil this obligation.
Ethical Investment: Our faith encourages ethical investment and discourages involvement in businesses that go against Islamic values. Shariah compliance ensures our investments are ethical and lawful.
Our Promise to You:
The Islamic Monetary Council is here to guide you on your journey toward financial compliance with Shariah law. We offer a range of services designed to help you make informed, ethical financial decisions. Our experts are well-versed in the juristic opinions of Islamic Scholars and are dedicated to assisting you in achieving your financial goals while upholding your faith.
As you explore our website, you'll discover the various ways in which we can assist you in achieving financial compliance. Together, let us follow the path of righteousness, relying upon Allah's guidance and seeking His pleasure in all our financial endeavours.