Friday, July 3, 2015

Reality of 'Islamic Finance' today 2015



Islamic finance is in "no usury" thus, it's either based on profit or loss (risk) sharing techniques (in case of equity participation) or based on service charge (in case of debt financing). In other word, Islamic finance evolves with risk sharing deal while rejecting risk transferring deal in view of gaining at the expense of others.

Hence, Islamic finance is not merely a product with commercial motive only, but an integrated system for all humanity based on holistic approach of sharing, caring & concern within the spirit of brotherhood and that, may lead to a better & sustainable way to world peace in today's reality.

 

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