Islamic Finance: Overview and Policy Concerns
Description:
This report discusses Islamic finance, which is based on principles of shariah, or "Islamic law." Major financial principles of shariah are a ban on interest, a ban on contractual uncertainty, adherence to risk-sharing and profit-sharing, promotion of ethical investments that enhance society, and asset-backing. While the Islamic finance industry represents a fraction of the global finance market, it has grown at double-digit rates in recent years.
Date:
November 30, 2010
Creator:
Ilias, Shayerah
Item Type:
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Partner:
UNT Libraries Government Documents Department