07.03.2013 - The basics of Islamic banking and finance
A financial system based on principles of trust, ethics and partnership can become a partner in the development of your business. The Islamic banking and finance industry has developed from what was once a niche exotic product to take its place as part of the mainstream in a matter of just 40 years. Naturally the curiosity associated with this alternative financial system has also intensified. In this article, we explain its basics. Islamic banking and finance is intended to serve the same underlying purpose as any other conventional bank or financial institution: to intermediate funds from those who have capital (capital rich) to those who need it (capital deficient). However, as the saying goes, 'God is in the details'...............................................Full Article: Source
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