by Islamic scholars as being in line with Islamic principles. This term is commonly used in several contexts:
Finance and Banking: Sharia-compliant finance avoids interest (riba), excessive uncertainty (gharar), and investments in prohibited industries such as alcohol, gambling, and pork. Islamic financial products include profit-sharing arrangements, leasing, and equity-based financing.
Business Practices: Sharia-compliant businesses follow ethical guidelines that prohibit dishonesty, fraud, and exploitation. They also avoid activities and products that are forbidden (haram) under Islamic law.
Food and Beverages: Halal certification ensures that food and beverages are prepared and consumed according to Islamic dietary laws. This includes the way animals are slaughtered and prohibiting the consumption of alcohol and certain other substances.
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