Tag: islamic finance

Islamic Finance

Islamic Finance is based on the Profit & Loss sharing principle . In other words the parties  collaborate on a venture and share realized profits or split suffered losses. #1.- In Islamic finance, one must work for profits, and simply

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Under the Islamic banking system, all their objectives and operations are based on focal Sharia’a principles. However, there are several key principles of Islamic Banking, among which is riba (interest), gharar (uncertainty) and maysir (gambling). It is revealed in Quran