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Islamic Finance Briefing - Categorized | Banking, Emerging Trends more

Is Islamic banking as exploitative as conventional banking

Posted on 22 April 2013

Conventional banking is all about borrowing cheap and lending dear, yet Islamic banks also follow the same pattern: offering a return to their investment account holders – not much different from the market rate of interest – and charging very high (albeit market-driven) profits to households and businesses.
In Pakistan, a number of businesses have emerged, which are collecting investments informally from an increasing number of people, and offering them very lucrative and frequent returns. Such businesses are increasing in number and size, and it is interesting to look into this newly-emerging phenomenon………………………………………..Full Article: Source

 
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Laxman - who has written 19160 posts on Opalesque Islamic Finance Briefing.


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