While most of us are quite familiar with traditional western financial systems, most of us have little or no exposure to financial transactions under the Islamic system. Please provide a comparative discussion of the differences between Western finance and Islamic finance and provide at least 2 examples of how certain transactions in the western system would be reconfigured to comply with the restrictions governing the Islamic system.

 

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The main difference between Islamic and conventional finance is the treatment of risk and how risk i... View the full answer