Entries in English and Malay (Bahasa Melayu)

Friday, 15 March 2013

What is 'Islamic finance'?

This week, the government launched a campaign promoting London as a centre for Islamic finance.
The aim is to counter growing competition in this industry from rising centres such as Dubai and Kuala Lumpur.
Hamid Yunis - head of the Global Islamic Finance Group at international law firm Taylor Wessing - told the Today programme: "Islamic finance is generally business dealings in accordance with Islamic principles.
"I think a good comparison is to those in the market who are playing in the ethical banking field."
"There are a number of principles, the most commonly known being no interest on business dealings - so money is invested, and interest is not charged."
"Also, the investments are designed not against speculation, against gambling - in line with the prohibition against gambling.
"And essentially, you know the asset you're going to be investing into, and the transaction you're going to be investing into."

(BBC News Business / 14 March 2013)

Alfalah Consulting - Kuala Lumpur:
Islamic Investment Malaysia:

No comments:

Post a Comment

Latest Posts

Upcoming Events on Islamic Finance, Wealth Management, Business, Management, Motivational

Alfalah Consulting's facebook


Alfalah Consulting is NOT providing any kind of loan to finance project etc and asking for a fee. If you've received any email claiming to be from Alfalah Consulting, offering loan to you, please ignore it or inform us for further actions. Our official email is If you've received an email from, that's NOT from us. Be cautious!