Global Post: BERLIN, Germany — If the recent global economic crisis taught a lesson about debt, it might be to think twice about investing in it.
Wary of buying bonds that may never be repaid, some investors in these precarious times are looking for opportunities that don’t involve such high risk.
Some are turning to Islamic banking, a rapidly growing industry that is rippling through global financial systems due to its conservative and low-risk approach.
Islamic finance adheres to Islamic law, or Shariah, which forbids Muslims from investing in businesses that contradict the Islamic principles of fairness and justness — that means, principally, that they are forbidden to charge interest on money loaned to others.
Categories: Business, Business/Marketing, Europe, Germany, Islam: A Religion of Peace, Knowledge