concept   islamic finance principles
culture   Islamic banking
statement   Islamic finance principles in Islamic banking prioritize financial well-being by prohibiting interest-based borrowing and discouraging excessive debt.
2 similar statements
# Concept Culture Statement Freq.
1 borrowing money Islamic banking Allowed, but the concept of charging interest is prohibited, so Islamic financing involves profit-sharing or markup instead 1
2 debt Islamic finance principles Views excessive debt as harmful and discourages interest-based borrowing 1