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Islamic Finance Briefing - Categorized | Finance, Islamic Law / Economics more

Money not seen as a commodity

Posted on 31 May 2011

Islamic finance refers to a system of banking and other financial activities that are in conformity with the principles of Sharia.
In the context of financial activities, Sharia prohibits dealing in interest, speculative transactions, excessive risk taking, and gambling. Money is seen only as a medium of exchange, and not as a commodity that generates incremental returns……………………………………….Full Article: Source

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


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