31/08/2025
GrandBirr is a system of financial services governed by the fair principle(law), which emphasizes ethical and socially responsible practices. It prohibits interest, excessive speculation, and investment in illicit activities. Instead, GB finance relies on profit-and-loss sharing and asset-backed transactions. Anyone, regardless of their faith, can use GB financial products.
💷Prohibition of Riba (Interest): Riba, or interest, is prohibited because it is considered exploitative. Instead of a fixed rate of return, GB use profit-and-loss-sharing models and trade-based transactions.
💷Risk-Sharing: The GB and the client must share in the risks and rewards of a business venture. This encourages both parties to act responsibly and ensures a fairer distribution of income.
💷Ethical Investments: GB finance forbids investing in or financing industries that are considered haram (unlawful), such as alcohol, gambling, pork products, and weapons.
💷Asset-Backed Transactions: All financial transactions must be tied to a tangible, productive economic activity. This prevents speculative bubbles and ensures that money is used for a real purpose.
💷Prohibition of Gharar and Maysir: GB finance prohibits excessive uncertainty or ambiguity (gharar) and speculative investments (maysir), which is interpreted as a ban on activities such as gambling, most derivatives, and short-selling.
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