Fri, Oct 31, 2014
A A A
Welcome bhaimia
RSS

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

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

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


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« May    
 12345
6789101112
13141516171819
20212223242526
2728293031