January 22, 2014, by Graham Kendall
How Does Islamic Finance Work?
TheConversation has a category called explainer articles. These are a really good way of finding out the basics of a particular topic. We thought that it would useful to feature some of these on this blog.
In this post we’d like to feature How Does Islamic Finance Work?. The article starts:
“At the World Islamic Economic Forum in London, David Cameron has announced the UK is to become the first non-Muslim country to issue Shariah-compliant bonds and that a special Islamic index will be created on the London Stock Exchange. These moves represent a recognition of Islamic finance’s unique model, and of the important role it has to play in providing stable economic growth.
To understand why the UK is so keen to promote this investment, it is worth understanding exactly what sets Islamic finance apart from western models of banking and finance.”
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