Tag Archives: banking

Sharia Compliant Finance

Long before the founding of Islam, the charging of interest on loans had been broadly forbidden. Early encounters with interest bearing loans had often led to impoverishment and in response community by community condemned the instrument. Beginning with England under Henry VIII, many non-Islāmic countries began recognizing the value brought to the borrower in a loan’s temporal empowerment.

Countries with Sharia rule.

Sharian Rule by Degree

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