Challenges in Islamic finance

id: challenges-in-islamic-finance-215-4386364
title: Challenges in Islamic finance
text: Challenges in Islamic finance are the difficulties in providing modern finance services without violation of sharia. The industry of Islamic banking and finance has developed around avoiding riba by avoiding interest. The majority of Islamic banking clients are found in the Gulf states and in developed countries that are in the muslim world. The challenges include that interest rate benchmarks have been used to set Islamic "profit" rates so that "the net result is not materially different from i
brand slug: wiki
category slug: encyclopedia
description:
original url: https://en.wikipedia.org/wiki/Challenges_in_Islamic_finance
date created: 2018-01-18T15:58:03Z
date modified: 2024-09-12T19:09:36Z
main entity: {"identifier":"Q48733737","url":"https://www.wikidata.org/entity/Q48733737"}
image:
fields total: 13
integrity: 14

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