Islamic Development Bank and Islamic finance: Difference between pages

Revision as of 14:19, 23 October 2012

In Islamic finance and banking products, profit must be derived from risk-taking and trading and all forms of interest are prohibited.

Islamic finance models therefore operate on the basis of risk sharing, to encourage investments which may be of benefit to the community.

Trading in alcohol and gambling are not allowed.

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-(IsDB or ISDB).
+In Islamic finance and banking products, profit must be derived from risk-taking and trading and all forms of interest are prohibited.
-The Islamic Development Bank's objective is to promote social and economic development in its member countries and in Muslim communities globally.
+Islamic finance models therefore operate on the basis of risk sharing, to encourage investments which may be of benefit to the community.
-It was founded in 1975, and is headquartered in Saudi Arabia.
+Trading in alcohol and gambling are not allowed.
 == See also ==
-* [[Asian Development Bank]]  (ADB)
+* [[Sukuk]]
-* [[Central bank]]
-* [[Development bank]]
-* [[Development finance institution]]  (DFI)
-* [[European Bank for Reconstruction and Development]]  (EBRD)
-* [[European Investment Bank]]  (EIB)
-* [[Inter-American Development Bank]]  (IDB)
-* [[International Finance Corporation]]  (IFC)
-* [[Multilateral development bank]]  (MDB)
-* [[Organisation for Economic Co-operation and Development]]
-* [[Supranational]]
-==External link==
-*[https://www.isdb.org/who-we-are The IsDB - who we are]
-[[Category:The_business_context]]
-[[Category:Corporate_finance]]
-[[Category:Investment]]
-[[Category:Long_term_funding]]
-[[Category:Ethics]]
-[[Category:Financial_products_and_markets]]
-[[Category:Trade_finance]]