THE SUPERIORITY OF THE ISLAMIC FINANCE SYSTEM OVER CONTEMPORARY MAN-MADE SYSTEMS

Abstract

For decades, the debate over the interest-bearing financing system has raged, and economists have parted between a supporter of the capital-style interest system defending its efficiency and effectiveness, and a categorical opponent of this system, which brings only destruction, and groups that stand in the middle between the extreme parties.

On the other side of the river, the Islamic finance system stands tall, providing solutions, addressing problems, putting scalpels on wounds to herald a healthy financial and monetary system, and innovative financial solutions that have astounded its ideological enemies before its committed supporters, with its flexibility and efficiency to meet all desires and meet all funding requirements in any case.

This paper aims to study the fundamental differences between Islamic finance and man-made systems in general comparisons that address the basics and examine the genuine differences.