期刊名称:Review of Public Administration and Management
电子版ISSN:2315-7844
出版年度:2015
卷号:2015
期号:2
页码:1-2
DOI:10.4172/2315-7844.1000151
语种:English
出版社:OMICS International
摘要:Modern Islamic finance emerged from a belief that conventional forms of financing may contain elements prohibited by Sharia, since the Quran forbids taking interest. As an alternative, a myriad of Islamic financial transactions have been innovated based on a combination of classical trade-based contracts and other accompanying arrangements. These products are deemed to be in compliance with Sharia precepts, yet provide some level of economic parity with comparable forms of conventional financing [1].