25.02.2013 - How does Islamic law and finance work?

Islamic finance follows the rules of Shariah, or Islamic law. The Islamic legal code is drawn from the Koran and the sayings of the Prophet Muhammad. It advises on everything from dietary laws to penalties for theft. Common Shariah terms relevant to finance include the following: Riba: The charging of interest in any form regardless of the rate is forbidden by the Koran...............................................Full Article: Source

Print