Islamic Finance: A Practical Introduction

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Islamic finance and banking are governed by the tenets of Islam and based upon the principles of the Shariah, which construct a code of conduct for Muslims to adhere to when managi ng their lives, including their finances. Therefore, when understanding the basis of the principles of Islamic finance, one has to consider the fact that Muslims believe that economic transactions should take place responsibly, ethically, and with the remembrance that Allah (God) is the owner of all wealth. Show more