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Essay

Islamic finance

Essay specific features

 

Issue:

Business

 

Written by:

Joe K

 

Date added:

June 13, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

20 / 5597

 

Was viewed:

8256 times

 

Rating of current essay:

 
Essay content:

The principles of the Islamic Financial system is based on a set of rules and law called the "Shariah", originating from the Qu'ran. Its characteristics are based on the prohibition of the receipt and payment of interest (riba) and a more equitable distribution of income and wealth. Islam promotes profit and loss sharing...
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Islam promotes profit and loss sharing. In this paper, I will first give a background of the Islamic banking system by using the example of the experimental bank in Pakistan and the Mitr Gahms Saving bank of Egypt, which set the bar for the new emerging banks and allow for a broader financial structure...
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