Discusses Islamic finance, which is based on princ

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Islamic Finance: Overview and Policy Concerns

Our Price: $10.00

By Shayerah Ilias (au)
Year: 2008
Pages: 6
Binding Paperback

Product Code: 1437918395

Description

Discusses Islamic finance, which is based on principles of “shariah,” or “Islamic law.” Major principles of “shariah” are a ban on interest, a ban on uncertainty, adherence to risk-sharing and profit-sharing, promotion of ethical invest. that enhance society, and asset-backing. The international market for Islamic finance has grown between 10% to 15% annually in recent years. Critics of Islamic finance express concerns about possible ties between Islamic finance and political agendas or terrorist financing and the use of Islamic finance to circumvent U.S. economic sanctions. Proponents argue that Islamic finance presents significant new business opportunities and provides alternate methods for capital formation and economic development. Graph.

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