World is spreading: the new friends of Islamic banking

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:08
Year
1987
Country
United Kingdom
Language
English
Abstract

Islamic banking concepts can be used by traditional banks and non-Muslims. Islamic banking is finding investors and associates in some of the world's largest corporations. There are two main Islamic banking principles in trade finance, mudaraba (a partnership of labor and capital) and murabaha (financing for a purchase on credit terms). Islamic banking is less commonly used to finance capital equipment purchases. As Islamic financial institutions have expanded into the non-Muslim world, the services they offer have also developed.

English
ISSN/ISBN
0014-2433
No. of Pages
pp.32-33
Volume
-48
Select type of work
Name of the Journal
CIS Program Old
CIS publications
No
CIS Thesis
No