Islamic Banks have the same intention as the traditional banks, except they serve in accordance with the Shariah. Their basic principle is the fairly sharing of profits, losses and risks between the bank and their client as well loans with interests are not allowed (riba). In an Islamic mortage transaction the bank doesn’t lend money to the client, but they buy the item theirselves and sell it to the client at a profit. Its clientele is not limited to the Muslim countries, but spread all over the world.
Eva Van Isterdael
1 opmerking:
Nice topic, good text
except THAT they OPERATE ...
the FAIR sharing (adjective needed instead of adverb)
as well --> and
THEMSELVES (better even: it buys the item itself)
final stce: link up with previous sentence
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