💚 (SECOND POST)
What are the advantages and why we need to use Islamic Coin $ISLM 🕌
✅2/1: Islamic Investment Funds: These funds are managed in accordance with Shariah principles, ensuring that investments align with Islamic values. They often follow screening criteria to filter out non-compliant businesses.
✅2/2: Compliance Oversight: Shariah boards, composed of Islamic scholars, provide oversight to ensure that financial products and transactions comply with Islamic principles. They offer guidance on complex financial structures to ensure adherence to Shariah.
✅2/3: Halal and Tayyib (Permissible and Wholesome): Products and services involved in Islamic finance must not only be halal (permissible) but also tayyib (wholesome and ethically produced).
It's important to note that interpretations of Shariah can vary, and scholars may have different views on specific financial instruments or transactions. Consequently, individuals engaging in Islamic finance often seek guidance from qualified Islamic scholars or financial experts specializing in Shariah-compliant finance.
