About this document

Islamic Finance vs. Conventional Banking by Sayed Sharif Hashimi is a document available to read on EtoBox.

1) The document discusses the principles of Islamic finance, which are derived from the Quran and teachings of the Prophet Muhammad. Key principles include prohibiting usury (riba) and requiring financial activities to be asset-backed and avoid uncertainty. 2) Islamic finance arrangements work through banks accepting deposits from customers and providing financing in accordance with Sharia law. However, some conventional banks have abused credit instruments and prioritized profits over customers

Author

Sayed Sharif Hashimi

Language

EN