Business & Finance in Arabic
Business & Finance translations are becoming more common in all sectors of the business world. From Sharia compliant finance to private banking, these translations are becoming an invaluable resource. Here is a look at some of the benefits of Arabic Business & Finance translations. In addition to providing comprehensive knowledge of business models and theories, the program emphasizes entrepreneurship and leadership. Additionally, it connects business to global society. In addition to providing a solid foundation for graduate studies, this degree program has three overarching goals:
Business & Finance translations in Arabic are used in all private and business areas
IT Arabic translations have a high priority in the 21st century, as technology is the predominant tool for business communication. Businesses are investing in innovation and technological infrastructure to remain competitive and relevant in a global market. Today, the impact of technology on a business' culture, relationships, and trade advantage cannot be underestimated. Therefore, it is essential to have high-quality IT Arabic translations in order to stay ahead of your competition.
When deciding on a translation service, make sure to consider the purpose of the content to be translated. Banks often rely on financial documents to communicate with their clients, and a good translation helps them do so. Moreover, Arabic-language bank websites help customers better access account data. Business correspondence in Arabic facilitates communication, and financial reports in Arabic help improve brand image and provide reliable data.
Are used in Sharia-compliant finance
The terms haram and riba are often interchanged in relation to business and finance, but they are not synonymous. In Islamic law, haram refers to activities that violate the principles of justice and risk sharing. Interest, which is the direct charge on a loan, is considered riba and can be prohibited by Islamic law. Similarly, investing in a business is prohibited as it is haram.
Islamic banking came about 50 years ago, primarily in Muslim-majority countries where the government was interested in regulating the sources of financing. By 2018, the total amount of assets under Islamic finance was US$2.88 trillion, the highest level since the 2008 global financial crisis, and it is expected to reach US$3.69 trillion by 2024. This growth has made Islamic finance more accessible to non-Muslim countries and has broadened its appeal.
Islamic finance has rapidly expanded over the last decade, with annual growth rates of between 10 and 12%. Sharia-compliant business and finance assets are now estimated at $2 trillion, including non-bank financial institutions, capital markets, money markets, and Takaful. Most Islamic countries have their own specialized financial markets, and even non-Muslim nations have shown interest in these practices. But it remains unclear whether the financial industry in those countries will ever reach the level of scale that is necessary to provide the services and returns required by Islam.
To meet this growing demand, the industry is developing globally accepted standards. Islamic financial institutions can't charge late fees, but must carefully review every application. The industry's regulatory environment and market growth is enabling the creation of new financial products and services. Shariah-compliant financial services are paving the way for a more prosperous and secure world for all. The demand for Sharia-compliant business and finance is increasing rapidly and requires the development of new financial services.
Islamic finance is based on the principles of Islamic law and Prophet Muhammad. Unlike other forms of finance, Islamic finance imposes strict guidelines on financial transactions. Interest-based financial transactions are prohibited under Islamic law, which includes lending and receiving money from other people, with the expectation of benefit. In addition, money is not regarded as a commodity but as a means of exchange. It is therefore essential to use money in a productive way.
Although Musharaka is not as widely used as other Islamic financial instruments, it is widely accepted as a legitimate source of financing. Shariah-compliant finance is increasingly popular in the West, and the UK is currently the leading center for Shariah-compliant finance in the world. The UK will also be home to the world's first Shariah-compliant equity exchange-traded fund in September 2020.