Year
1994
Country
United Kingdom
Language
English
Abstract
The basic principle underlying Islamic finance--the sharing of risk and of profits rather than a fixed and guaranteed return--is explained. In recent times, interaction between Islamic banks and conventional ones has been growing and conventional banks have even begun offering Islamic banking services. Islamic finance varies in its application from case to case, but it basically uses five principle methods. Now, Islamic financiers are seeking ways to minimize total risk by means of diversification.
English
No. of Pages
pp.34
Volume
130
Select type of work
Name of the Journal
CIS Program Old
CIS publications
No
CIS Thesis
No