1. The COVID-19 pandemic has brought numerous difficulties and hardship to many people including Islamic financial institutions' customers.

Briefly discuss how the following core principles of Islamic economic system should be applied by Islamic financial institutions when treating their customers who are adversely affected by the COVID-19 pandemic.

1. Risk sharing.

Competition and cooperation

Answer rating: 100% (QA)

Islamic financial institutions operate based on core principles rooted in Islamic economic systems Heres how these principles can be applied when trea... View the full answer