The essence of every industry and company lies within finance. Due to the great influence from globalisation, Islaamic finance has grown exponentially in recent times. This has caused a great influx of interest in the subject. It is a vital issue since it highlights an aspect that is a part of every individual’s daily livelihood; money.
There has been controversy in regards to whether contemporary Islaamic financeis truly abiding by Sharee‘ah or is it just another business tactic. Attention to this has been manifested due to the similarities in practicality between conventional financing and some contemporary Islaamic financing institutions.