Islamic « Lepus

Risk is an important and inherent part of Shari'ah compliant banking. Financial institutions are encouraged to take steps to mitigate and manage those risks but they are not permitted to remove all risks, or allocate their trading risks to another party such as an insurance company, as this would negate their compliance.

Islamic Banking Overview

At the very heart of Islamic banking lies its compliance with Shari'ah Law, which among other things prevents interest being charged or paid. This greatly reduces its exposure to some of the modern financial engineering that is said to be responsible for the current state of the economy.

Islamic Banking Systems

Almost all of the established vendors of packaged conventional core banking systems are falling over themselves to assert that their products are 'Shari'ah-compliant'. Why? Because, of the current and future sales opportunities.