Page 89 - AFM Integrated Workbook STUDENT S18-J19
P. 89
The financing decision
Islamic finance
8.1 Introduction
Islamic finance operates in accordance with the principles of Islamic law
(Sharia).
Basic principles:
Sharing of profits and losses.
No interest (riba) allowed.
Finance is restricted to Islamically accepted transactions. i.e. no investment
in alcohol, gambling etc.
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