Let us not forget that we also live in the age of ethical consumerism. There is a growing number of people who are constantly on the lookout for products that are “organic” or “green” – in short, for anything that espouses the principle succinctly summarized in the following four words: “First, Do No Harm”!
What sets Islamic finance apart, though, is the degree to which its prohibition on Riba requires that its adherents rethink the way they make their money. The sacred principle is that money should not produce money, and bankers from Islamic financial institutions make no compromise here. This commitment is translated in the fact that to every credit extended there should be an underlying asset.