The Washington Times Weekly - - Geopolitics -

Statis­tics and prin­ci­ples of Is­lamic fi­nance, which re­jects Western con­cepts such as in­ter­est in fa­vor of fi­nanc­ing prin­ci­ples de­rived from the Ko­ran.

As­set-backed — an Is­lamic bank does not carry out busi­ness un­less an as­set is pur­chased to al­low the trans­ac­tion to be con­ducted ac­cord­ing to Shariah.

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