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Back to basics: A guide to Islamic finance

Posted on 08 May 2009

From International-adviser.com: The basic function that underlines all economic activity in the finance arena -both Islamic and conventional - is that of allocating finite resources to its most productive use. In Islamic finance, this allocation is inextricably bound by concepts of religion, law and ethics; also known as the Sharia.

The Sharia is an embodiment of teachings derived from the Quran and Sunnah- established traditions of the Prophet Muhammad…….Full Article: Source

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


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