Islamic finance and Quota: Difference between pages

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imported>Doug Williamson
(Expand to align with The Treasurer, July 2014, p46, Sarah Boyce, The Islamic Alternative. Link with Ijara and Murabaha pages. Improve spacing.)
 
imported>Doug Williamson
(Create page. Sources: linked pages.)
 
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Islamic finance is a widely used colloquial term for sharia-compliant finance.
1. ''International trade''.


Sharia-compliant finance arrangements are ones which are in accord with sharia law.
In international trade, an import quota is a maximum permitted amount of a product which may be imported.


Import quotas are often associated with, or an alternative to, tariffs.


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


Sharia-compliant finance models therefore operate on the basis of risk sharing, to encourage operational investments which may be of benefit to the community.
2. ''Diversity and inclusion''.


In diversity and inclusion, quotas are minimum levels or proportions, designed to promote greater balance.


Furthermore, commercial investments should only support practices that are permitted. Thus, for example, trading in alcohol, pornography, financial services, pork, armaments, tobacco, gambling and other activities contrary to sharia law are not allowed.


<span style="color:#4B0082">'''''Boardroom gender mix targets'''''</span>


==See also ==
:"... there remains a marked difference between the UK Government's policy of a 25% gender mix target and the EU's 2020 goal of 40%.
* [[Riba]]
 
* [[Sukuk]]
:However, at the time of writing the British government is softening its prior strong resistance to quota imposition as UK firms appear to be moving in a direction that makes even the 25% figure seem unlikely on a voluntary basis."
* [[Ijara]]
 
* [[Murabaha]]
:''The Treasurer's Handbook - Developments in corporate and market regulation: implications for the treasurer.''
 
 
3.
 
Any other fixed maximum, minimum or absolute number or amount.
 
 
==See also==
* [[Customs union]]
* [[Developments in corporate and market regulation: implications for the treasurer]]
* [[Diversity]]
* [[Duty]]
* [[Free trade]]
* [[Gender pay gap]]
* [[Imports]]
* [[Protectionism]]
* [[Tariff]]
* [[Trade war]]

Revision as of 12:36, 1 June 2018

1. International trade.

In international trade, an import quota is a maximum permitted amount of a product which may be imported.

Import quotas are often associated with, or an alternative to, tariffs.


2. Diversity and inclusion.

In diversity and inclusion, quotas are minimum levels or proportions, designed to promote greater balance.


Boardroom gender mix targets

"... there remains a marked difference between the UK Government's policy of a 25% gender mix target and the EU's 2020 goal of 40%.
However, at the time of writing the British government is softening its prior strong resistance to quota imposition as UK firms appear to be moving in a direction that makes even the 25% figure seem unlikely on a voluntary basis."
The Treasurer's Handbook - Developments in corporate and market regulation: implications for the treasurer.


3.

Any other fixed maximum, minimum or absolute number or amount.


See also

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