About this document
Understanding Islamic Banking Basics by ytz007163.com is a document available to read on EtoBox.
The document introduces several common concepts in Islamic banking such as Mudharabah (profit-sharing), Wadiah (safekeeping), Musharakah (joint venture), Murabahah (cost-plus), and Ijarah (leasing) which prohibit interest and risk-sharing based on profit-loss sharing and asset-backed transactions. Islamic law also prohibits investing in businesses involving alcohol, pork, gossip or pornography due to being unlawful according to Shariah.
- Author
- ytz007163.com
- Language
- EN