Four Key Facts Need To Know About Islamic Finance

Islamic finance is based on Islamic law that prohibits the use of interest rates, instead it depends on two key concepts, which are asset-based and risk sharing. The proliferation of Islamic banks has grew rapidly over the recent years whether in Islamic or non-Islamic countries.

Islamic finance provide both financial stability and economic benefits as lenders share risks and rewards, the International Monetary Fund has said.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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