Sat, Aug 19, 2017
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Emerging Trends, Finance more

Malaysia’s next big thing?

Posted on 02 December 2009

From Nytimes.com: The threat of Dubai’s billion-dollar debt default is casting a shadow here in Malaysia, the would-be global center of the fast-growing Islamic finance industry.
Islamic finance is designed to comply with Shariah law, forbidding interest on loans and investment in gambling, alcohol and other industries deemed unethical in Islam. It substitutes profit-sharing for interest, though profit shares can be pre-set to mirror interest on conventional loans……………………………Full Article: Source

 
Article link

This post was written by:

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


Contact the author

Comments are closed.

banner
banner
banner
August 2017
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031