Do you think that the islamic finance contracts do the following ?
- increase facilitation and raise embarrassment
- increase compassion among people
- Solve the financial crisis that people suffer from.
- Postpone the payment for the insolvent.
this article about financial crisic can help you Article The effects of global financial crisis on islamic finance: C...
The current applied contracts lack their direct effect on the first three assumptions while having a direct impact on the fourth hypothesis, which in turn has the effect of BASIC on the rest of the assumptions
Islamic finance should be based on shariah of Islamic laws I.e. Profit-loss sharing. You know barakah? The true practices will give Barakah and fruitful result. It has lots of financial facilitation. Pls check my profile as I have published some papers related to islamic microfinance.
Jazakallah
Halima Begum thank you for your great comment, I will follow your publications.
Regards.
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