Shariah compliant banking products are financial services that follow Islamic law (Shariah). The core rules: no interest (riba), no excessive uncertainty (gharar), no gambling (maysir), and no investment in prohibited industries (alcohol, pork, etc.).
Common products include Murabaha (cost-plus financing), Ijara (leasing), Musharakah (partnership), and Sukuk (Islamic bonds). Instead of charging interest, these products use profit-sharing, leasing, or trade-based structures.
The global Islamic banking industry is worth over $4 trillion and growing rapidly. Countries like Malaysia, Saudi Arabia, and the UAE are major hubs for Shariah compliant finance.