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Islamic Finance Briefing - Categorized | Emerging Trends, Finance more

Muslim finance is tricky to navigate, growing fast

Posted on 29 October 2012

The fastest growing religion among the fastest growing population in the developing world is Islam. This is important because under Islamic law, or Shari’a, the taking of interest is forbidden, and trading and ownership are supposed to be more transparent.
Shari’a law spans much more than finance, and interprets moral codes for everything from diet to prayer to politics and economics. All things are considered God’s property and inequities in risk and reward are prohibited, as are limits on personal liability and insurance. (These are considered forms of usury.)……………………………………….Full Article: Source

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


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