Islamic law (Shariah) addresses financial ethics in global economic systems through:

1. Prohibiting Riba (usury/interest) and Gharar (speculation/uncertainty).

2. Emphasizing fairness, justice, and transparency in transactions.

3. Encouraging risk-sharing and mutual cooperation.

4. Promoting ethical investment and responsible wealth management.

5. Regulating market practices to prevent exploitation and manipulation.

6. Encouraging charity and social responsibility.

7. Supporting sustainable and equitable economic development.

8. Providing guidelines for Islamic finance and banking.

9. Encouraging accountability and governance.

10. Fostering a moral and ethical approach to economic activities.

Islamic financial principles aim to create a more equitable and just economic system, prioritizing the well-being of all stakeholders and promoting a balanced and sustainable economy.

Some key Islamic financial instruments and concepts include:

– Mudarabah (profit-sharing)

– Musharakah (partnership)

– Sukuk (Islamic bonds)

– Zakat (charitable giving)

– Waqf (endowments)

– Halal (permissible) investments

By applying these principles, Islamic finance offers a unique approach to financial ethics, aligning economic activities with moral and social values.