Thu, Aug 28, 2014
A A A
Welcome bhaimia
RSS

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

Shariah finance is based on assets only

Posted on 19 March 2009

From Busrep.co.za: Albaraka’s business is based on Islamic Sharia law, which determines the services it may offer. The number of products it offers is limited by this law.

The bank is different from conventional banks in that it does not charge interest. Sharia law does not permit making money from money….. Full Article: Source

 
Article link

This post was written by:

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


Contact the author

Comments are closed.

August 2014
M T W T F S S
« May    
 123
45678910
11121314151617
18192021222324
25262728293031