Abstract
Islamic Banking and Finance (IBF, hereafter) is based on the principles of Islamic law, which are referred to as Shairah, but it is also able to deal with commercial transactions as long as such transactions do not go against Islamic law. Nevertheless, in contrast to conventional banks, Islamic banks are guided by principles that require a reciprocal sharing of risk and profit between the parties involved, all the while guaranteeing that each transaction and commercial activity is conducted in a reasonable and fair manner.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
