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Glossary - Islamic finance definitions

Posted on 12 April 2012

Islamic finance, based on religious principles which avoid interest and pure monetary speculation, is growing rapidly, supported by large pools of sharia-compliant funds in the Gulf and the opening of North African markets in the wake of the Arab Spring.
Here is summary of commonly used terms and concepts: Amana: Deposit in trust; a widely applied term that refers to anything in the safekeeping of another………………………………………..Full Article: Source

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


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