{"id":137,"date":"2025-11-26T10:15:44","date_gmt":"2025-11-26T10:15:44","guid":{"rendered":"https:\/\/mei-reviews.rf.gd\/sumayya-hassan-islamic-finance-is-business-not-benevolence\/"},"modified":"2025-11-26T10:15:44","modified_gmt":"2025-11-26T10:15:44","slug":"sumayya-hassan-islamic-finance-is-business-not-benevolence","status":"publish","type":"post","link":"https:\/\/mei-reviews.wasmer.app\/index.php\/sumayya-hassan-islamic-finance-is-business-not-benevolence\/","title":{"rendered":"Sumayya Hassan: Islamic Finance is Business, Not Benevolence"},"content":{"rendered":"<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Sumayya Hassan: Islamic Finance is Business, Not Benevolence\",\"description\":\"Many mistake Islamic finance for charity, but expert Sumayya Hassan sets the record straight. It's a dynamic, profit-oriented industry built on ethical principles and risk-sharing, not handouts.\",\"datePublished\":\"2025-11-26T10:15:41.412Z\",\"dateModified\":\"2025-11-26T10:15:41.412Z\",\"author\":{\"@type\":\"Organization\",\"name\":\"MEI Reviews\"},\"publisher\":{\"@type\":\"Organization\",\"name\":\"MEI Reviews\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\/\/mei-reviews.rf.gd\/logo.jpg\"}}}<\/script><\/p>\n<h2>Demystifying the Core of Islamic Finance<\/h2>\n<p>In a powerful statement aimed at correcting a widespread misunderstanding, financial expert Sumayya Hassan clarifies a crucial point: Islamic finance is a robust commercial enterprise, not a form of charity. During a segment on &#8216;She Means Business,&#8217; Hassan dismantled the myth that Sharia-compliant banking operates on philanthropy rather than sound business principles.<\/p>\n<p>&#8220;There&#8217;s a persistent misconception that because our framework is rooted in ethics, we aren&#8217;t focused on profitability,&#8221; Hassan explains. &#8220;This couldn&#8217;t be further from the truth. We are a competitive, growth-oriented industry designed to generate returns for investors and contribute to economic development.&#8221;<\/p>\n<h2>The Pillars of a Profit-Driven Ethical Model<\/h2>\n<p>Unlike conventional banking, which centers on interest-based lending, Islamic finance operates on a foundation of tangible assets, equity, and shared risk. Its core principles are not about giving money away but about investing it ethically and productively.<\/p>\n<p>Key tenets include:<\/p>\n<ul>\n<li><strong>Prohibition of Riba (Interest):<\/strong> Money is not treated as a commodity to be rented. Instead, profits are generated through legitimate trade and asset-based transactions.<\/li>\n<li><strong>Ethical Investments:<\/strong> Funds are never invested in industries considered harmful (<em>haram<\/em>), such as alcohol, gambling, or weaponry.<\/li>\n<li><strong>Risk-Sharing:<\/strong> Both the financial institution and the customer share the risks and rewards of a venture, fostering a partnership model (<em>Mudarabah<\/em> and <em>Musharakah<\/em>).<\/li>\n<li><strong>Asset-Backed Transactions:<\/strong> Every financial transaction must be tied to a tangible, underlying asset, ensuring real economic activity.<\/li>\n<\/ul>\n<h2>How Islamic Financial Institutions Generate Profit<\/h2>\n<p>Sumayya Hassan emphasizes that the absence of interest does not mean an absence of profit. Islamic banks have developed sophisticated, Sharia-compliant products that are both competitive and profitable.<\/p>\n<p>&#8220;We employ various models to ensure financial viability,&#8221; she notes. Common structures include:<\/p>\n<ul>\n<li><strong>Murabaha (Cost-Plus Financing):<\/strong> The bank purchases an asset on behalf of a client and sells it back to them at a pre-agreed higher price, with the markup representing the bank&#8217;s profit. The payment is often made in installments.<\/li>\n<li><strong>Ijarah (Leasing):<\/strong> The bank buys an asset and leases it to a customer for a specific period and fee. This is common for vehicle and equipment financing.<\/li>\n<li><strong>Sukuk (Islamic Bonds):<\/strong> Instead of a debt obligation, a Sukuk provides an investor with partial ownership in an underlying asset and its associated revenue streams.<\/li>\n<\/ul>\n<h2>A Competitive Force in the Global Market<\/h2>\n<p>The message from Sumayya Hassan is clear: viewing Islamic finance through the lens of charity is a fundamental error. It is a dynamic and sophisticated financial system that aligns profitability with ethical responsibility.<\/p>\n<p>By focusing on real economic growth, asset-backed security, and shared prosperity, it offers a viable and increasingly popular alternative to the conventional debt-based system. As Hassan asserts, this is not just an alternative; it is a formidable business model shaping the future of global finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Demystifying the Core of Islamic Finance In a powerful statement aimed at correcting a widespread misunderstanding, financial expert Sumayya Hassan clarifies a crucial point: Islamic finance is a robust commercial enterprise, not a form of charity. During a segment on &#8216;She Means Business,&#8217; Hassan dismantled the myth that Sharia-compliant banking operates on philanthropy rather than [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"fifu_image_url":"","fifu_image_alt":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[16],"tags":[],"class_list":["post-137","post","type-post","status-publish","format-standard","hentry","category-world-news"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":143,"url":"https:\/\/mei-reviews.wasmer.app\/index.php\/islamic-finance-is-business-not-charity-says-sumayya-hassan\/","url_meta":{"origin":137,"position":0},"title":"Islamic Finance is Business, Not Charity, Says Sumayya Hassan","author":"invincibleseven","date":"November 26, 2025","format":false,"excerpt":"Demystifying a Global Financial Powerhouse In the world of finance, misconceptions can cloud even the most robust systems. Sumayya Hassan, a prominent voice in the industry, is setting the record straight on a critical point: Islamic finance is a sophisticated commercial enterprise, not a form of charity. This common misunderstanding,\u2026","rel":"","context":"In &quot;World News&quot;","block_context":{"text":"World News","link":"https:\/\/mei-reviews.wasmer.app\/index.php\/category\/world-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":133,"url":"https:\/\/mei-reviews.wasmer.app\/index.php\/sumayya-hassan-why-islamic-finance-is-a-business-not-charity\/","url_meta":{"origin":137,"position":1},"title":"Sumayya Hassan: Why Islamic Finance Is A Business, Not Charity","author":"invincibleseven","date":"November 26, 2025","format":false,"excerpt":"Debunking a Common Myth: Islamic Finance is a For-Profit Venture A widespread misconception plagues the financial industry: that Islamic finance is a form of charity. Sumayya Hassan, the trailblazing CEO of Takaful Insurance of Africa, is working to dismantle this myth. She asserts that Sharia-compliant finance is a robust, ethical,\u2026","rel":"","context":"In &quot;World News&quot;","block_context":{"text":"World News","link":"https:\/\/mei-reviews.wasmer.app\/index.php\/category\/world-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":141,"url":"https:\/\/mei-reviews.wasmer.app\/index.php\/symphony-environmental-extends-1m-loan-bolstering-stability\/","url_meta":{"origin":137,"position":2},"title":"Symphony Environmental Extends \u00a31M Loan, Bolstering Stability","author":"invincibleseven","date":"November 26, 2025","format":false,"excerpt":"Symphony Environmental Fortifies Financial Position with Loan Extension LONDON, UK \u2013 Symphony Environmental Technologies Plc (AIM: SYM), a global leader in technologies that make plastic smarter, has announced a significant development in its financial strategy. The company has successfully negotiated a one-year extension on its convertible loan agreements, totaling \u00a31.0\u2026","rel":"","context":"In &quot;World News&quot;","block_context":{"text":"World News","link":"https:\/\/mei-reviews.wasmer.app\/index.php\/category\/world-news\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":301,"url":"https:\/\/mei-reviews.wasmer.app\/index.php\/commerce-finance-bolsters-hong-kong-office-with-new-corporate-partner\/","url_meta":{"origin":137,"position":3},"title":"Commerce &#038; Finance Bolsters Hong Kong Office with New Corporate Partner","author":"invincibleseven","date":"November 27, 2025","format":false,"excerpt":"Commerce & Finance, a leading legal firm renowned for its expertise, has announced the strategic appointment of a new corporate partner to its thriving Hong Kong office. 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