Islamic Financing is an Islamic financing that is called Sharia Compliant Financing where a bank or any lending institution is abide by Sharia law (Quran and Sunnah).
Islamic finance features banks, capital markets, fund managers, investment firms, and insurance companies.
Advantages of Islamic Financing.
In islamic banking there is a loan or debt called Qard-el-Hassan is a good loan where issuer (bank) charges no additional loan over the principal.Islamic financing produce loan on the productivity of a project rather than criterion of Creditworthiness of those who owns project.There is no speculation and gambling in Islamic Finance.
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