The Islamic financial system: rescue from the financial crunch?
It will facilitate the possibility of Islamic banking lending while preventing uninhibited speculation in debt and mortgages, says. Under Islamic banking refers to a financial system in compliance with Islamic law, which in the sixties of the 20th Century has been developed. Here, the trading of debt under Sharia law is possible only through a securitized intrinsic value – and also accept only if both debtors and creditors as well as future borrowers a carry …
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