Roberto Abraham Scaruffi: Islamic Finance

Sunday 27 April 2008

Islamic Finance

Islamic Finance
By Loretta Napoleoni
Islamic activists, intellectuals, writers, and religious leaders have always upheld the prohibition of riba, the interest charged by moneylenders, and denounced gharar, which refers to any type of speculation. Under this belief, money must not become a commodity in itself to create more money.

http://www.informationclearinghouse.info/article19818.htm