Islamic Banking

Islamic Banking

Introduction

In modern conditions, Islamic banking is a perspective view of banking, which can significantly increase the availability of the real sector to the new and safer forms of alternative financial services. The main feature of this type of banking is the prohibition of default interest, as well as on the direction of financial resources on obviously risky activity (gambling, stock speculation, and so on). However, despite the limitations on profit as a percentage, in Islam there is no ban on entry into the capital, partnerships, and joint ventures in order to minimize risks. This, in practice the Islamic banks, ...