Islamic financial system was started during the time of the prophet Muhammad S.A.W. In fact, the Prophet himself is a businessman in Mecca and was called by the Meccan “Al-amin” - meaning an honest and sincere people. He was hired by a wealthy business owner, a widower - Khadijah and later married to at the age 25 year old whereas Khadijah was 40 year old.
The great Irish philosopher, George Bernard Shaw said once about Muhammad S.A.W. : "I have studied him (Muhammad) - the wonderful man - and in my opinion far from being an anti-Christ he must be called the savior of humanity."
Prophet Muhammad was practicing Murabahah concept in His transactions. As we all know, Prophet Muhammad travelled a lot in conducting his businesses. He travelled to Sham (nowadays Damascus) to purchases stocks and securing the caravans from Sham to Mecca. There are threats of pirates and Bedouins during the journey between Mecca and Sham.
Besides Murabahah, Prophet Muhammad S.A.W also practices Musyarakah, Mudharabah concept in his business operations. This is the starting point where the Islamic Financial System was brought to the world as promoting the spirit of fraternity and brotherhood.
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