Mohamad Sawwaf on the Difference Between Islamic Finance & Conventional Finance

Islamic finance is a financial system which operates in accordance with shariah or Islamic law. Mohamad Sawwaf — The Founder and CEO of Manzil — claims that the primary difference between Islamic and conventional finance is the treatment of risk. Under Shariah law, finance is based on the principle of “profit and loss sharing,” meaning a lender shares equal financial risk.

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