Continuation
Islamic finance shares the merits of conventional finance.
At the same time it has some distinct features that differentiate
it from its counterpart.
This chapter provides an insight into some of these features.
It focuses in particular on the issue of risk.
It compares the risks associated with Islamic finance with those
faced in the conventional financial system.
It also provides a comparison between:
-
ethical
-
and Islamic investments.
This chapter highlights the proximity of Islamic finance to
socially responsible investment.
Other aspects of Islamic finance supporting financial
intermediation in today’s economic environment are also discussed.
From the research paper of
European Central Bank
(Authors: F.Mauro, P.Caristi, S.Couderc, A.D.Maria, L.Ho,
B.K.Grewal, S.Masciantonio, S. Ongena and S.Zaher)
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