✉news BusinessBanking first seen 15 h ago, last 12 h ago, peak #29
Profit-loss sharing under 1% of Islamic banking investment, study finds
Original: PLS makes up less than 1% of Islamic banking investment: central bank study
A Bangladesh Bank study has found that profit-loss sharing (PLS) arrangements account for less than 1% of investments in the country's Islamic banking sector. The finding highlights how little of Islamic banking is actually structured around the profit-sharing principle that is central to Shariah-compliant finance, with most investment instead taking forms closer to conventional lending.
Why now: The finding raises questions about how genuinely Islamic banks follow Shariah principles, a live concern given recent stress in Bangladesh's Islamic banking sector.
Bangladesh BankIslamic bankingPLS
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Evidence
- PLS makes up less than 1% of Islamic banking investment: central bank study · Daily Bonik Barta
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