{"id":5536,"date":"2023-06-02T13:03:42","date_gmt":"2023-06-02T16:03:42","guid":{"rendered":"https:\/\/artica.capital\/clairfield-pilulas\/voce-sabe-o-que-e-islamic-finance\/"},"modified":"2026-09-29T12:03:08","modified_gmt":"2026-09-29T15:03:08","slug":"voce-sabe-o-que-e-islamic-finance","status":"publish","type":"pilulas","link":"https:\/\/artica.capital\/en\/clairfield-pilulas\/voce-sabe-o-que-e-islamic-finance\/","title":{"rendered":"Do you know what Islamic Finance is?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Os pa\u00edses \u00e1rabes t\u00eam conquistado uma posi\u00e7\u00e3o de destaque no mercado financeiro internacional, especialmente desde que come\u00e7aram a reinvestir os lucros provenientes do petr\u00f3leo em outras ind\u00fastrias, com o objetivo de diversificar seus ativos. Como resultado, os fundos soberanos de pa\u00edses \u00e1rabes t\u00eam ganhado reconhecimento e t\u00eam sido frequentemente mencionados nas not\u00edcias financeiras internacionais.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Na p\u00edlula de hoje, saiba mais sobre Islamic Finance:<\/p>\n\n\n\n<!-- pilula-html v1 -->\n<style>\n.pil{--navy:#2d3a51;--blue:#4f6388;--light:#8599b9;--pale:#e8ebf1;--card:#d3d9e3;--red:#c0272d;--txt:#333;font-family:\"Merriweather Sans\",sans-serif;color:var(--txt);margin-top:40px}\n.pil *{box-sizing:border-box}\n.pil img{max-width:100%;height:auto;display:block}\n.pil-sec{margin:0 0 56px}\n.pil-sec h2{background:var(--navy);color:#fff;font-size:19px;line-height:1.35;font-weight:700;padding:16px 20px;border-radius:0 0 28px 0;margin:0 0 20px;text-wrap:balance}\n.pil-sub{font-size:14px;font-weight:700;color:var(--navy);border-bottom:2px solid var(--navy);padding-bottom:6px;margin:0 0 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var(--light);padding-left:18px;margin-left:6px}\n.pil-time>div{position:relative;font-size:14px;line-height:1.5}\n.pil-time>div::before{content:\"\";position:absolute;left:-25px;top:5px;width:12px;height:12px;border-radius:50%;background:var(--navy)}\n.pil-time b.y{display:block;color:var(--light);font-size:16px;font-weight:800}\n\/* figuras (recortes do slide) *\/\n.pil-fig{margin:0}\n.pil-fig figcaption{text-align:center;font-weight:800;color:var(--light);font-size:16px;margin-top:4px}\n.pil-brand{background:var(--card);border-radius:14px;overflow:hidden}\n.pil-brand p{margin:0;text-align:center;font-size:20px;font-weight:800;font-style:italic;color:var(--navy);padding:10px 0 12px}\n@media (max-width:700px){\n  .pil-grid2,.pil-grid2.wide-left,.pil-grid2.wide-right{grid-template-columns:1fr}\n  .pil-grid3,.pil-grid4,.pil-grid5{grid-template-columns:1fr 1fr}\n  .pil-sec h2{font-size:17px}\n  .pil-bars{height:180px}\n  .pil-bars>div>span{font-size:10px}\n  .pil-years{font-size:9px}\n}\n@media (max-width:480px){\n  .pil-bars{gap:1.2%}\n  .pil-years{gap:1.2%;font-size:8px}\n  .pil-bars>div>span{font-size:8px;letter-spacing:-.3px}\n  .pil-bars:has(>div:nth-child(13))>div>span{writing-mode:vertical-rl;transform:translateX(-50%) rotate(180deg);top:auto;bottom:100%;padding-bottom:2px}\n  .pil-years:has(>span:nth-child(13)) span{writing-mode:vertical-rl;transform:rotate(180deg);margin:0 auto}\n}\n<\/style>\n<div class=\"pil\">\n\n<section class=\"pil-sec\">\n  <h2>Economia \u00e1rabe ganhou protagonismo nos \u00faltimos anos<\/h2>\n  <div class=\"pil-sub\">Crescimento da economia \u00e1rabe<\/div>\n  <div class=\"pil-grid2 wide-left\">\n    <div>\n      <div style=\"display:flex;justify-content:space-between;align-items:center;gap:8px\"><span class=\"pil-unit\">Trilh\u00f5es de d\u00f3lares correntes<\/span><span class=\"pil-legend\"><span><i style=\"background:var(--blue)\"><\/i>PIB Pa\u00edses \u00c1rabes<\/span><\/span><\/div>\n      <div class=\"pil-note solid\" style=\"border-style:dashed;background:var(--card);justify-content:center;text-align:center;margin:10px 0 14px\"><span>Economia \u00e1rabe cresceu 20% a mais do que a m\u00e9dia global nesse per\u00edodo<\/span><\/div>\n      <div class=\"pil-cagr\">CAGR economia \u00e1rabe<br><span>+6,2%<\/span><\/div>\n      <div class=\"pil-bars\" style=\"gap:1%\" role=\"img\" aria-label=\"PIB dos pa\u00edses \u00e1rabes, em trilh\u00f5es de d\u00f3lares correntes: 2000 0,8; 2001 0,8; 2002 0,8; 2003 0,9; 2004 1,1; 2005 1,3; 2006 1,5; 2007 1,8; 2008 2,3; 2009 2,0; 2010 2,3; 2011 2,5; 2012 2,8; 2013 2,8; 2014 2,9; 2015 2,5; 2016 2,5; 2017 2,6; 2018 2,8; 2019 2,8; 2020 2,5; 2021 2,9. CAGR de +6,2%\">\n        <div class=\"e\" style=\"height:28.2%\"><span>0,8<\/span><\/div>\n        <div class=\"e\" style=\"height:27.6%\"><span>0,8<\/span><\/div>\n        <div class=\"e\" style=\"height:27.7%\"><span>0,8<\/span><\/div>\n        <div class=\"e\" style=\"height:30.7%\"><span>0,9<\/span><\/div>\n        <div class=\"e\" style=\"height:36.5%\"><span>1,1<\/span><\/div>\n        <div class=\"e\" style=\"height:44.8%\"><span>1,3<\/span><\/div>\n        <div class=\"e\" style=\"height:53.1%\"><span>1,5<\/span><\/div>\n        <div class=\"e\" style=\"height:61.8%\"><span>1,8<\/span><\/div>\n        <div class=\"e\" style=\"height:77.8%\"><span>2,3<\/span><\/div>\n        <div class=\"e\" style=\"height:68.3%\"><span>2,0<\/span><\/div>\n        <div class=\"e\" style=\"height:80.4%\"><span>2,3<\/span><\/div>\n        <div class=\"e\" style=\"height:87.8%\"><span>2,5<\/span><\/div>\n        <div class=\"e\" style=\"height:96.3%\"><span>2,8<\/span><\/div>\n        <div class=\"e\" style=\"height:98.2%\"><span>2,8<\/span><\/div>\n        <div class=\"e\" style=\"height:100%\"><span>2,9<\/span><\/div>\n        <div class=\"e\" style=\"height:87.7%\"><span>2,5<\/span><\/div>\n        <div class=\"e\" style=\"height:86.9%\"><span>2,5<\/span><\/div>\n        <div class=\"e\" style=\"height:89.7%\"><span>2,6<\/span><\/div>\n        <div class=\"e\" style=\"height:96.7%\"><span>2,8<\/span><\/div>\n        <div class=\"e\" style=\"height:97.3%\"><span>2,8<\/span><\/div>\n        <div class=\"e\" style=\"height:86%\"><span>2,5<\/span><\/div>\n        <div class=\"e\" style=\"height:98.9%\"><span>2,9<\/span><\/div>\n      <\/div>\n      <div class=\"pil-years\" style=\"gap:1%\"><span>00<\/span><span>01<\/span><span>02<\/span><span>03<\/span><span>04<\/span><span>05<\/span><span>06<\/span><span>07<\/span><span>08<\/span><span>09<\/span><span>10<\/span><span>11<\/span><span>12<\/span><span>13<\/span><span>14<\/span><span>15<\/span><span>16<\/span><span>17<\/span><span>18<\/span><span>19<\/span><span>20<\/span><span>21<\/span><\/div>\n      <div class=\"pil-unit\" style=\"margin-top:4px\">Ano<\/div>\n    <\/div>\n    <div>\n      <p class=\"pil-p\">Com a escalada da economia \u00e1rabe, <i>players <\/i>da regi\u00e3o se tornaram protagonistas no mundo dos investimentos:<\/p>\n      <div style=\"display:grid;gap:14px;margin-bottom:16px\">\n        <div style=\"display:grid;grid-template-columns:96px 1fr;gap:14px;align-items:center\">\n          <img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5536-mubadala.png\" alt=\"Logo da Mubadala\" loading=\"lazy\">\n          <ul class=\"pil-list\"><li>Sede: EAU<\/li><li>AuM: US$ 276 bi<\/li><\/ul>\n        <\/div>\n        <div style=\"display:grid;grid-template-columns:96px 1fr;gap:14px;align-items:center\">\n          <div style=\"text-align:center;font-size:11px;color:#777\"><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5536-qia.png\" alt=\"Logo da QIA\" loading=\"lazy\" style=\"width:56px;margin:0 auto 4px\">Qatar Investment<br> Authority<\/div>\n          <ul class=\"pil-list\"><li>Sede: Catar<\/li><li>AuM: US$ 445 bi<\/li><\/ul>\n        <\/div>\n        <div style=\"display:grid;grid-template-columns:96px 1fr;gap:14px;align-items:center\">\n          <div style=\"text-align:center;font-size:11px;color:#777\"><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5536-pif.png\" alt=\"Logo do Public Investment Fund\" loading=\"lazy\" style=\"width:60px;margin:0 auto 4px\">Public Investment Fund<\/div>\n          <ul class=\"pil-list\"><li>Sede: Ar\u00e1bia Saud.<\/li><li>AuM: US$ 620 bi<\/li><\/ul>\n        <\/div>\n      <\/div>\n      <p class=\"pil-p\">Al\u00e9m disso, o AuM de <i>mutual funds <\/i>do mercado isl\u00e2mico alcan\u00e7ou a marca de US$ 200 bi, crescendo mais de 300% em uma d\u00e9cada.<\/p>\n    <\/div>\n  <\/div>\n  <div class=\"pil-src\">Fontes: Banco Mundial, Reuters, An\u00e1lise \u00c1rtica<\/div>\n<\/section>\n\n<section class=\"pil-sec\">\n  <h2>Com isso, investidores interessados nesse mercado devem ficar atentos aos princ\u00edpios que regem o Islamic Finance<\/h2>\n  <div class=\"pil-note solid\" style=\"background:var(--navy);color:#fff;justify-content:center;text-align:center;margin:0 0 22px\"><span><b><i>Islamic Finance <\/i><\/b>se refere a aplica\u00e7\u00e3o dos servi\u00e7os financeiros em acordo com a <i>Sharia<\/i> (conjunto de normas derivado de orienta\u00e7\u00f5es do Alcor\u00e3o)<\/span><\/div>\n  <div class=\"pil-grid2\">\n    <div>\n      <div class=\"pil-sub\">Diferen\u00e7as<\/div>\n      <p class=\"pil-p\">Os pa\u00edses \u00e1rabes n\u00e3o utilizam juros pr\u00e9-determinados devido \u00e0 incompatibilidade com a <i>Sharia<\/i>. Instrumentos financeiros comuns no Brasil, como contas remuneradas a CDI, CDBs e deb\u00eantures, n\u00e3o existem no mundo das finan\u00e7as isl\u00e2micas. Com isso, existem diferen\u00e7as significativas nos instrumentos financeiros para atender aos requisitos da <i>Sharia<\/i>:<\/p>\n      <ul class=\"pil-list\">\n        <li><b>Rentabilidade das contas: <\/b>est\u00e3o ligadas ao desempenho do banco por meio do compartilhamento de lucros (<i>profit sharing<\/i>), n\u00e3o podendo gerar rendimentos de forma passiva e com remunera\u00e7\u00e3o pr\u00e9-determinada.<\/li>\n        <li><b><i>Bonds<\/i>: <\/b>os mecanismos de d\u00edvida isl\u00e2mica (<i>Sukuk<\/i>) precisam ter lastro sob algum ativo real e seu rendimento atrelado \u00e0 valoriza\u00e7\u00e3o do mesmo.<\/li>\n      <\/ul>\n    <\/div>\n    <div>\n      <div class=\"pil-sub\">Riscos comparados ao mercado financeiro ocidental<\/div>\n      <div style=\"display:grid;gap:22px\">\n        <div style=\"display:grid;grid-template-columns:60px 1fr;gap:14px;align-items:center\">\n          <img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5536-investidor.png\" alt=\"\u00cdcone de pessoa (investidor)\" loading=\"lazy\">\n          <p class=\"pil-p\" style=\"margin:0\"><b>Investidor: <\/b>Os instrumentos financeiros isl\u00e2micos s\u00e3o considerados de menor risco devido \u00e0s suas caracter\u00edsticas de lastro em ativos (<i>asset backed<\/i>), proporcionando uma seguran\u00e7a adicional aos investidores. Com isso, existe sempre um colateral em caso de default para o investidor recorrer;<\/p>\n        <\/div>\n        <div style=\"display:grid;grid-template-columns:60px 1fr;gap:14px;align-items:center\">\n          <img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5536-instituicao.png\" alt=\"\u00cdcone de banco (institui\u00e7\u00e3o financeira)\" loading=\"lazy\">\n          <p class=\"pil-p\" style=\"margin:0\"><b>Institui\u00e7\u00e3o financeira: <\/b>Enfrentam maior risco, tanto de liquidez, dado que conseguem captar apenas via renda vari\u00e1vel, como tamb\u00e9m de risco operacional, devido ao mecanismo de <i>profit sharing<\/i>, fator que limita os lucros das institui\u00e7\u00f5es financeiras<\/p>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n  <div class=\"pil-src\">fontes: IMF, An\u00e1lise \u00c1rtica<\/div>\n<\/section>\n\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Arab countries have gained a prominent position in the international financial market, especially since they began reinvesting oil profits into other industries to diversify their assets. As a result, Arab sovereign wealth funds have gained recognition and have been frequently mentioned in international financial news.<\/p>","protected":false},"author":1,"featured_media":5533,"template":"","meta":[],"class_list":["post-5536","pilulas","type-pilulas","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas\/5536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas"}],"about":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/types\/pilulas"}],"author":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media\/5533"}],"wp:attachment":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media?parent=5536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}