Sunday October 25, 2020

Crunch drives interest in Islamic finance

Founded on religious principles that forbid interest, Islamic financial products may offer greater stability to investors, writes Omer Khan.

29th November, 2008

Founded on religious principles that forbid interest, Islamic financial products may offer greater stability to investors, writes Omer Khan.

Islamic finance is growing in global importance as an alternative, humane and ethical financial system.

Through the prohibition of interest, and the focus on equity financing and trade of tangible assets, Islamic finance provides a viable alternative to conventional finance, but with a significant focus on social responsibility and inclusive profit making. There are now more...

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