Islamic Banking and Finance

Alternate to Conventional System

HUSSAIN, Zubair Taal: Engels

Paperback

€ 55,95

Afwijkende levertijd: 28-30 werkdagen
Islamic Banking and Finance

Paperback

€ 55,95

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To replace interest, the ideal mode of financing under the Islamic banking system is "Financing on Profit & Loss Sharing" (PLS) basis. Qard Hasanah are for the benefit of the individuals and the society at large. To safe-guard the interest of depositors/investors, these type of loans, as a matter of policy, do not constitute a significant source of financing by Islamic banks. However, if in any country, the Islamic System of Zakat is established and the Islamic State treasury starts functioning, the requirements of Qard Hasanah would primarily be met by the treasury.
ISBN
9783843389433
Vorm
Paperback
Uitgever
LAP Lambert Academic Publishing
Druk
1e
Verschenen
01-01-2010
Taal
Engels
Pagina's
64 pp.
Genre
Management, Economie & Communicatie
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