Islamic financing Faq’s

Islamic financial try consistent with the prices out of Sharia. A switch basis would be the fact they works as opposed to desire, which is not allowed for the Islam, given that currency itself is not reported to be a commodity from which you could potentially finances.

The fresh new Islamic banking system uses genuine exchange facts backed with genuine assets. This is why Islamic banks, such as for example Al Rayan Lender, do not do business until they have a secured asset to allow the order as carried out.

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Islamic banking institutions also are perhaps not allowed to use economic instruments that depend on speculation, and this expose a top element of risk so you’re able to a financial, and property and you can places of the users. Through it investment-backed approach, Al Rayan Financial, and you will Islamic banking as a whole, is not exposed to a comparable risks given that traditional banks. Lees verder →