In this video, Prof Laurence Harris gives a brief overview of the key principles of Islamic finance and how it deals with issues of profit and risk.
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Why talk about Islamic finance?
It represents a small but growing element in the world’s financial systems, whose key tenets date back centuries. But how compatible are they to modern financial transactions, and how does Islamic finance differ in substance from conventional finance? Prof Laurence Harris from SOAS School of Finance and Management provides an overview.