FAAIF, the Franco-American Alliance for Islamic Finance promotes the spread of knowledge of a unique financial system, which promotes people over profit, preservation of the environment, world peace, the equal spread of wealth amongst society, protection of society’s vulnerable, harmony of family and community relationships, tolerance among people of different ethnicities, religions, and backgrounds, social justice, a chance for the poor, the small to medium businessman and woman, and a functioning distributive economy where gain outweighs loss.
An economy which grows debt from debt cannot grow, but can only retract, causing the value of money to decrease, forcing people out of businesses, increasing the number of homeless, and forcing more and more people to struggle with their daily existence as the people become entrapped in a debt bubble, which eventually surrounds them and encapsulates their entire lives. Islamic finance is based on real assets and a real and productive economy.
The foundation of the Islamic economy is the principle of Risalah, or the teachings of all of God’s prophets including Jesus, Moses, and Muhammad. All Abrahamic religions and faiths banned interest as it is believed that producing money from money is an unproductive activity, which leads to the exploitation of human beings by other human beings and societal and environmental decay. Money should be generated from productive activities, which helps the economy to grow and expand. Therefore, in all modes of Islamic finance, interest is absent and risk and profit and loss are shared between the parties to the contract.
Let’s explore together the fascinating modes of finance, concepts, and structures found in Islamic finance, which is in fact the finance of the Holy Books. FAAIF encourages all of the people of the Book including Christians, Jews, and Muslims to come together in a concerted effort to work towards Holy Book Banking. Let FAAIF help increase your understanding of the legal and financial aspects of the Islamic finance and banking industry and expand your investment opportunities as Islamic Finance is now a global billion dollar industry.
FAAIF Limited is a legal and management consultancy firm servicing clients in Islamic banking, finance, and takaful. FAAIF Events is an events production and management company.
Company Name: FAAIF
Contact Person: Camille Paldi
Phone: 518 605 9495, +971569500562
Country: United Arab Emirates