Continuation
Islamic finance is:
- community-oriented
- and entrepreneur-friendly.
It emphasising:
- Productivity
- and the physical expansion of
o economic production
o and services.
Hence, it shifts the
overall focus from:
- financial collateral
- or the financial worth
of a borrower (the current
predominant practice) to the:
- entrepreneur’s trustworthiness
- and the project’s viability and usefulness.
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)
No comments:
Post a Comment