Islamic banks

Islamic banks are characterized by their direct intervention in financial transactions and by their respect for Shari''a law. Indeed as we emphasized in the previous chaptersall credit is based on a real asset and speculation is prohibited. Also the practice of securitization at the root of the crisis is forbidden by Islamic regulations.This research paper does not aim to provide professionals with exhaustive documentation nor does it claim to offer a formal innovative methodology but it could serve as a useful practical guide for professionals who unfamiliar with the sector find themselves working with an Islamic bank.