FREE-INTEREST BANKING: A Pathway to Ethical and Sustainable Finance

The book Free-Interest Banking: A Pathway to Ethical and Sustainable Finance explores the concept of banking systems that operate without charging interest, aligning with the principles of Islamic finance. It delves into the foundations of this alternative financial model, rooted in ethical and moral frameworks that promote fairness, justice, and risk-sharing between banks and clients. The book highlights how free-interest banking can foster sustainable economic growth, reduce financial inequalities, and contribute to environmental and social development.It offers insights into various Islamic financial instruments, such as profit-sharing (mudarabah) and cost-plus financing (murabaha), explaining their role in promoting economic inclusivity. Through case studies, practical examples, and analysis, the book illustrates how free-interest banking can be a viable pathway for creating an equitable financial system, supporting sustainable investments, and addressing the shortcomings of conventional banking practices that rely on interest-based lending.