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Selling with Sharia'a compliant financing.(international)
Business Credit
|
February 01, 2007 |
Diana, Tom |
COPYRIGHT 2007 National Association of Credit Management. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright
There is a growing interest among Western business and banking to conduct business in Islamic countries.
The infusions of capital some of these countries have acquired through the sale of their petroleum and gas resources have made them attractive business venues. Some estimates place the value of Islamic assets at $300 to $500 billion. Along with this increase in wealth has been a growing interest among those of the Islamic faith to conduct business according to Sharia'a or Islamic law, which covers not only ritual but also everyday aspects of life. Islamic financing is a way to facilitate trade and banking transactions that are Sharia'a compliant. Therefore, ...
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Source: HighBeam Research, Selling with Sharia'a compliant financing.(international)