Tag: Shariah Compliant Product
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Profit and Loss Sharing – The Shariah Preferred Investment Modes
By S M Wasiulah The preferred form of investment or financing in Shariah is profit-and-loss-sharing (PLS). References can be found in favor of PLS modes in Quran and Ahadith. However, a quick review of the current progress of Islamic finance industry indicates that while on the one hand, the volume of Islamic finance transactions…