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S&P Launches Stability Ratings For Islamic Banks Offering Profit-Sharing Investment Accounts
by Standard & Poors [More Info]
Most Islamic banks offer profit-sharing investment accounts to their customers. PSIAs are financial instruments that are relatively similar to the time deposits of conventional banks. According to the terms and conditions of PSIAs, depositors are entitled to receive a share of the bank’s profits, but also obliged to bear all potential losses pertaining to their investment in the bank.
Access : For Affiliate
Pages : 7
Category : Islamic Finance
Cost :
Free
Date Published : 2008-01-06
