An Introduction to Islamic Finance Kate Lapane Three groundbreaking texts on Black

Three groundbreaking texts on Black rhetoric by a renowned and award-winning scholar

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An Introduction to Islamic Finance Kate Lapane Three groundbreaking texts on BlackAlthough the principles of Shari'ah require banks and financial institutions to be structured on an interest free basis, this does not mean that such institutions are charitable concerns. As long as a person advancing money expects to share in the profits earned (or losses incurred) by the other party, a stipulated proportion of profit is legitimate. The philosophy is enshrined in the traditional Islamic concepts of musharakah and mudarabah, along