Key concepts in Islamic banking

Islamic banks aim for the mainstream

Islamic banks aim for the mainstream

Ways to lend without interest

Shari’a supervision: Where a specific subject is not mentioned in the Holy Quraan or in the teachings of the Prophet, interpretations can be made by Shari’a boards. Each bank offering Islamic finance has a board whose opinion is sought on intricate financial contracts and monetary instruments.

Prohibition of interest: In Shari’a law, there must be a marriage between money and work, initiative and risk that is just and equal.

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