In the world of Islamic finance, the prohibition of riba (often translated as usury or interest) is a non-negotiable pillar. It’s what distinguishes a Shariah-compliant bank from its conventional counterpart. But in the practical realm of global finance, where institutions must be profitable to survive, a critical question emerges: How do Islamic Financial Institutions (IFIs) provide loans—a … Continue reading Walking the Fine Line: How Islamic Banks Avoid “Riba” With Legal Creativity