1. Principles of Islamic Banking
Islam is a religion which keeps Believers from the teller's window. ... It is important to understand certain principles of Islam that underpin Islamic finance. ... c) Making money from money is not Islamically acceptable. ... Islamic Funding Structures And Financing Vehicles Islamic banks around the world have devised many creative financial products based on the risk-sharing, profit-sharing principles of Islamic banking. ... It is important to note that only a legitimate profit in addition to the actual price is considered lawful under Islamic law. ...
- Word Count: 3690
- Approx Pages: 15
- Grade Level: Undergraduate