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

Sharia law only allows investment in tangible assets

Posted on 06 November 2009

From Independent: Islamic banking is conducted under Sharia law, which is taken from the Koran and holds that money has no intrinsic value, while also banning the charging and paying of interest.

This is not as crazy as it might first seem to those used to the less spiritual viewpoints common in Western banks. These beliefs have helped to insulate many Islamic banks from the subprime crisis that has engulfed many rivals in the West……………………….Full Article: Source

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


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