Islamic investment and American banking: Trick activities
- Recaps negative effects of the newest Dual Towns initiative.
Rules off Islamic money
Wafiq Fannoun, chairman off Reba Totally free, LLC, an enthusiastic Islamic financial- and you may financial support-consulting services, demonstrates to you the essential standards regarding Islamic finance the following:
Islam’s aim away from people financial deal will be to take care of monetary fairness between whoever has and people who have not. It is important from inside the Islam that most activities doing work in a beneficial monetary deal express the real loss or profit out-of a quest, which no-one gets predetermined compensation for example appeal. In place, the new Islamic program functions like west equity financing, if you find yourself securing borrowers away from leverage themselves on poorhouse. 1/
With regards to the Holy Qu’ran, hence Muslims consider getting the expression away from God from Prophet Mohammed, trading and you can funds on the business deals are permitted provided those individuals involved show the chance and maintain financial justice for everybody professionals.Read More »Islamic investment and American banking: Trick activities