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Islamic Finance Briefing - Categorized | Finance, Market Moves more

Proposal for development of Islamic finance in China

Posted on 22 January 2010

From Ifinanceexpert: With regard to China’s development “Islamic finance” proposal The Central Committee of Chinese Kuomintang Revolutionary Committee “Islamic finance” is based on financial activities carried out by Islamic law.
According to Islam, “Islamic finance” of transaction is that all products and services are based on asset-based, meaning that all transactions must have a real purpose, such as trade financing, or railways, Or is to buy machines are based on real asset-based, rather than purely for the purpose of making money, such as “futures” of such financial derivatives, is absolutely prohibited.”………………………………Full Article: Source

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