Advisory Center for Affordable Settlements & Housing

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Document Type General
Publish Date 27/06/2014
Author Dr Atef Elshabrawy
Published By Dr Atef Elshabrawy
Edited By Suneela Farooqi
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PAKISTAN: SHARIAH PRINCIPLES, OPERATIONAL & MARKETING ISLAMIC MICROFINANCE

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Document Type: General
Publish Date: 2014
Primary Author: Dr Atef Elshabrawy
Edited By: Suneela Farooqi
Published By: Dr Atef Elshabrawy

Emphasizing fairness, social justice and the economic prosperity of the whole community. Encouraging individuals to pursue economic wellbeing, Distinguish allowed from forbidden activities. Strict and explicit prohibition of interest (Riba).  Based on a profit-and-loss sharing philosophy. Disclosure of information, contracts play a pivotal role.

 

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