Fundamentals of Islamic Finance

Abstract

The practice of the Islamic Finance is based on the respect of the Islam and more precisely of the Sharias. Rules: Islam is a complete way of life and provides guidance in the conduct of one's private, social, political, moral and economic affairs. Thus Islamic Finance has to be in harmony with this moral. The Islamic economy encourages the enrichment of the individuals but on the basis of fair distribution. Individual property is authorized and the profit is justifiable.