09-24-2003, 07:31 AM
Your question is broad based. Please be specific as to which area you would like discussed.
I believe islamic mode of financing provides a shared basis of ownership of the venture. However, the concept of interest is forbidden from the receptients end only. We need a carefull and thorough reading of islamic legislation to understand the thrust of interest based financing.
Non Islamic financing is what we see in our country. It incorporates everything ranging from interest to bribery.
I believe islamic mode of financing provides a shared basis of ownership of the venture. However, the concept of interest is forbidden from the receptients end only. We need a carefull and thorough reading of islamic legislation to understand the thrust of interest based financing.
Non Islamic financing is what we see in our country. It incorporates everything ranging from interest to bribery.