Daily Bulletin

Men's Weekly

.

  • Written by Wes Mountain, Deputy Multimedia Editor

Interest fuels the financial world. The money sitting in your bank account accrues it, and the credit cards in your wallet charge it. If you ever want money quick, you’re going to being paying a decent amount of interest for having that money now rather than later.

But under Islamic law, interest is explicitly forbidden. In fact, the guidance comes directly from Quran.

So how do finance, debt and all of the ways we get money in the conventional banking system work if you can’t charge interest?

The University of Queensland’s Mamiza Haq explains.

Comic-explainer: How does Islamic finance work? Comic-explainer: How does Islamic finance work? Comic-explainer: How does Islamic finance work? Comic-explainer: How does Islamic finance work? Comic-explainer: How does Islamic finance work? Comic-explainer: How does Islamic finance work? Comic-explainer: How does Islamic finance work? *From S&P Global Ratings – Islamic Finance Outlook 2018 Edition Comic-explainer: How does Islamic finance work? Comic-explainer: How does Islamic finance work? Comic-explainer: How does Islamic finance work? Comic-explainer: How does Islamic finance work? Comic-explainer: How does Islamic finance work? Comic-explainer: How does Islamic finance work? Bloomberg: Dana Gas Sukuk Talks Stall as It Seeks 15% Discount on Buyback Comic-explainer: How does Islamic finance work?

Authors: Wes Mountain, Deputy Multimedia Editor

Read more http://theconversation.com/comic-explainer-how-does-islamic-finance-work-90957

Business News

What Designers Really Think About Your Current Marketing Collateral

Key Takeaways: Designers notice structure, typography, and colour choices before the content itself Consistency across all collateral strengthens brand recognition and builds trust Overly bu...

Daily Bulletin - avatar Daily Bulletin

How to Choose the Right Air Conditioner for Your Home or Business

In Australia’s climate, where summer heat can be intense and winter chills are felt in many regions, air conditioning has become more than just a luxury; it’s an essential part of comfortable living. ...

Daily Bulletin - avatar Daily Bulletin

Why Heavy Duty Moving Dollies Are Essential for Safe Transport in Australia

Moving heavy or bulky items can be challenging, especially when it involves transporting goods across warehouses, offices, or even during residential relocations. In Australia, where industries like c...

Daily Bulletin - avatar Daily Bulletin

LayBy Deals