19 May 2021: Doing Business in Dubai? Understanding Islamic Finance Is Key
The fundamental principles and practices of Islamic finance date back to the first part of the 7th century CE, developing and being revamped over the centuries, to equip the Muslim community with a system that conforms to Islamic values.
It is a nexus of practices, transactions, contracts and relationships between people who find inspiration in Islamic sources, such as the Quran and Tradition (Sunna), and are in conformity with the relative dictates.
This means that it would be misleading to consider it a recent phenomenon, or simply an Islamized version of Western finance.
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