Home Infographic Four Key Facts Need To Know About Islamic Finance

Four Key Facts Need To Know About Islamic Finance

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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.

https://youtu.be/OvnF2f2MZug

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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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