| Islamic bank | исламский банк (англ. термин взят из: Martin Cihak, Heiko Hesse. Islamic Banks and Financial Stability: An Empirical Analysis // IMF Working Paper. – No. 08/16. Islamic banking provides and uses financial services and products that conform to Islamic practices and laws, which, in particular, prohibit the payment and receipt of interest at a fixed or predetermined rate. In practice, this means that instead of loans, Islamic banks use profit-and-loss sharing arrangements (PLS), purchase and resale of goods and services, and the provision of services for fees form the basis of contracts. Alex_Odeychuk) |
