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Islamic Finance Briefing - Categorized | Finance, Market Moves more

The islamic financial system’s ancient, interesting idea: Banning interest

Posted on 20 April 2012

As the Islamic finance sector booms, sharia-compliant systems present opportunities for growth as well as reflection on western economic models. The trillion-dollar industry already has many clamoring to get in on sharia-based investments.
What makes it so different? Islamic tradition prohibits charging interest (called “riba”) and borrowers and lenders are held to high moral standards………………………………………..Full Article: Source

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


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