Welcome to deBUG.to Community where you can ask questions and receive answers from Microsoft MVPs and other experts in our community.
Login
Remember
Register
All Activity
Questions
Hot!
Unanswered
Tags
Users
Ask a Question
Write Post
Blog Posts
Videos
e-books
Links
Ann
Tools
Events
Search
Feedback
Privacy Policy
User walaripurb
Wall
Recent activity
All questions
All answers
Logs
Badges
Ask a Question
User walaripurb
Member for:
2 years (since Aug 7, 2022)
Type:
Registered user
Full name:
Position:
Website:
http://uznt42.ru/user/yenianbept
LinkedIn:
GitHub:
YouTube:
About:
In an era where debt and interest are prohibited, a brand alternative to traditional financial institutions is emerging in the form Islamic finance. This type of finance is free of the issue of interest as well as other types of complications within the world of finance and instead considers the fund's suppliers as partners and joint-venturers in the venture. Islamic finance treats money as "potential capital" until it joins forces with other resources, such as bonds, stocks, and other investments. Islamic finance acknowledges time values money when it functions as capital, and prohibits gambling, speculation, or taking risks in the process.
Because Islamic finance is based on principle of supply-and-demand, it is insulated from the massive economic fluctuations that are caused by financial instability. Actually, it can even stop economic growth in the event of financial instability. In contrast, conventional banking practices require the suspension of conversion into currency in case of a bank run and demand large quantities of liquidities from central banks. The amount of money or M, grows in proportion to the actual income (P), but the price will rise more slowly.
Another distinction in conventional and Islamic banking is that Islamic banks do not engage in interest-bearing loans or speculation. In contrast to conventional banking, Islamic banks engage in direct trade and investment activities and their liabilities are backed by real savings. This means that money flows out of sales and not through the stroke of pen. Additionally, Islamic banks invest their deposits in real assets and don't make their own money. This means that they do not create excess purchasing power.
Activity by walaripurb
Score:
10
points (ranked #
189
)
Title:
Newbie
Questions:
0
Answers:
0
Comments:
0
Voted on:
0
questions,
0
answers
Gave out:
0
up votes,
0
down votes
Received:
0
up votes,
0
down votes
Wall for walaripurb
Please
log in
or
register
to post on this wall.
...
