Islamic funds Frequently asked questions
Islamic financial is actually consistent with the values regarding Sharia. An option basis would be the fact it works as opposed to notice, which is not let in Islam, as money itself is not reported to be a commodity where you might funds.
Brand new Islamic bank system spends genuine exchange circumstances backed which have genuine assets. As a result Islamic financial institutions, such as for example Al Rayan Bank, do not do business unless of course he’s got a secured item so that your order getting accomplished.
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Islamic finance companies are also maybe not allowed to play with financial tool one to are derived from speculation, and therefore present a top section of risk so you’re able to a financial, and the property and you will dumps of the people. (more…)
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