The original concept of Islamic finance is undoubtedly in favor of equity participation rather than creation of debts because it is only equity participation that brings an equitable and balanced distribution of wealth in the society. Debt ridden economy on the other hand tends to create bubble economy by putting wealth in the hands of the rich which fuels inflation and brings many other social and economic evils like the one which has occurred in US housing market and which subsequently resulted in the Great Recession of 2007-09.
Halal Tamweel provides extensive news and information coverage and Islamic Wealth Management consultancy to prospective and existing investors looking to manage wealth in a Shariah Compliant manner in Pakistan.
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