Identity banking : a new Islamic paradigm ?
Source : http://islamicfinancenews.com/
Introduction
Islamic finance is – build upon the Shariah – a viable alternative to conventional finance.
For the individual Muslim, it offers a compliant financial product at a price that is competitive with the products from the regular interest-based deposit banks.
Islamic banking indeed is not “for free”. It is a business activity that is supposed to make maximal profits to guarantee its’ own sustainability, be it compliant to the standards as set forth in the Shariah.
