Sat, Aug 30, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Banking, Market Moves more

Uganda: Introduce Islamic banking to curb exploitation

Posted on 13 September 2012

Islamic banks do not give loans to customers based on pre-determined fixed interest rates. Under Islamic banking both profits and losses are shared by both parties.
The Bank should introduce other forms of banking systems that will entail justice and fairness. BOU should play a leading and an encouraging role in the introduction of Islamic Banking, which is a banking system that has been embraced by both Muslims and non-Muslims because of its unique characteristics………………………………………..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