concept   interest rate
culture   Middle Eastern countries
statement   Islamic finance in Middle Eastern countries utilizes profit-sharing and equity-based arrangements instead of interest rates.
4 similar statements
# Concept Culture Statement Freq.
1 interest rate Middle East Interest rates based on lending money are inconsistent with Islamic finance principles, which promote profit-sharing and risk-sharing instead. 1
2 interest rate Middle East Interest is prohibited in Islamic finance, and instead, profit-sharing and equity-based arrangements are used for financial transactions. 1
3 interest rate Middle East Interest rates may not be as closely followed by the general population, and may have less direct impact on daily financial decisions. 1
4 room rate Middle Eastern countries Room rates may not include additional services like breakfast and Wi-Fi in many Asian and Middle Eastern countries, and could be subject to negotiation. 1