Misconceptions and Falsehoods

Despite the attention that comes to Islamic finance today it is important to make a number of untruths to conventional wisdom. We will resume here largely views the French report Jouini-Pastré about Islamic Finance and opportunities in France.

First, Islamic finance can not be a challenge to the secular law. If the establishment of rules non-financial contracts in Islamic finance is very real, they are still built on the basis of law and in all cases must comply with its rules (This assumption is only true for non-Islamic countries, as in Islamic Republic, law mostly coming from religious orders).

In other words, the Shari'a shall not in any way supplant the state law.

Second, Islamic finance is not involved in financing of terrorism (Misconception shared by many).

However, do not develop this segment of finance led the Muslims to invest in overseas financial products whose sponsors can participate in radical activities.

Finally, Islamic finance is "serious" that is to say, it is a segment full of finance and real property that provides a growing demand.

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