Islamic banks aim for the mainstream
Key concepts in Islamic banking
The essential difference between western banking and Islamic banking concerns interest payments. There is a basic principle in Islamic law that exploitative or unfair contracts are unenforceable. This includes any contract which involves uncertainty, risk or speculation (gharar), or contracts that provide for the payment of interest (riba). Such agreements are not banned outright, but may be, depending upon the precise nature of the agreement.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
