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Islamic Finance Briefing - Categorized | Emerging Trends, Finance, Market Moves more

Islamic finance could aid development

Posted on 20 May 2011

Combining social principles with the power to provide financial assistance, Islamic microfinance has huge, untapped potential. Islamic finance is becoming one of the most rapidly growing segments of the global finance industry. There is growing interest from financial institutions in designing Islamic or “sharia-compliant” products and services to attract Muslim investors.
These products are designed to conform with Islamic financing principles that include linking transactions to tangible economic activities, excluding financial speculation and excessive uncertainty, and funding only socially productive activities, in addition to the well-known stipulation against charging or paying interest………………………………………Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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