hi and asalam alaikum my name is Nazi and my ID number is 2024693528 today I would like to present my individual assignment which is peer-to-peer financing let's start with a simple question what is peer-to-peer financing or P2P at its core P2P platforms connect individual investors directly with borrowers getting out the middleman which is usually the bank these direct connections open up opportunities for faster more inclusive and often more ethical financing now in the context of Islamic finance P2P models are especially compelling why because they naturally avoid rebly prohibited in Islam instead of charging interest transactions can be structured using Sharia compliant contracts like Mura Baja cost plus sale moda profit sharing partnership and Musharaka joint ventures of course with every opportunity comes a set of challenges and Islamic P2P finance is no exception first regulatory uncertainty in many countries fine tech laws are still catching up with innovation and when it comes to Islamic fintech the gap is even wider there's a lack of clear harmonized legal frameworks that support Sharia compliant P2P platforms this loath growth and deter serious investments second inconsistency in Sharia compliance different scholars or Sharia boards may interpret Islamic financial principles in different ways what's considered compliant in one country or by one platform might rise concerns in another this lack of st standardization can confuse users and make it harder to build trust and third trust people need to know that these platforms are safe harnessed and truly follow Islamic values not just using the word shing off for marketing if that trust is broken through a scam or misuse it can damage the entire industry but these challenges can be solved if regulators scholars and fintech developers work together let's explore how peer-to-peer financing aligns so well with Islamic finance principles and why it offers such transformative potential first there's no rebot no interest p2p models can be built around profit and loss sharing using contracts like Mudaraba or Murabaha ensuring compliance with Islamic law while still creating fair returns second financial inclusion in many Muslim communities especially in rural or low income areas traditional banks are inaccessible untrusted or not Sharia compliant b2p opens up capital to small businesses and individuals who've historically been left out of the financial system without compromising them without compromising their values third transparency with tools like blockchain and smart contracts both investors and recipients can clearly see where money is going and under what terms helping to eliminate ambiguity gar which is also prohibited in Islamic finance and finally global reach through P2P platforms a Muslim in the UK can now invest in a halal business in Indonesia or support sustainable housing in Nigeria these platforms connect ethical capital with purposeful opportunities across borders in short P2P doesn't just fit Islamic finance it helps it scale islamic P2P finance isn't just a trend it's a real solution a way to bring fair ethical and inclusive finance to millions who need it if you are a regulator help create a clear rules and support system for sharing our complian tech if you are an entrepreneur use Islamic values to build new and better financial tools if you are an investor here's your chance to support businesses that are both profitable and purposeful together we can build a future where everyone has access to ethical finance no matter where they live or what they believe let's create a financial system that includes everyone and leave no one behind