Islamic finance in Europe (139)

Continuation

Islamic finance is ultimately founded on the principle of:

-      partnership

-      and cooperation.

It calls for a system of:

-      equity participation

-      and risk-sharing.

Such a system should promote:

-      equal distribution of risk

-      and cooperation

between:

-      the providers of funds (investors)

-      and the users of funds (entrepreneurs).

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)