Bangladesh, Aug. 6 -- Islamic finance is often misunderstood, partly because of its limited presence in competitive markets, but mostly because academic and public discussion rarely confronts how Islamic and traditional financial practices actually differ, by the books, both holy and human.Business financing options

Advertisement The most commonly cited theory supporting Islamic finance is its religious relevance. Islamic financial contracts are built on profit and loss sharing (PLS) principles. Yet despite its theoretical popularity, PLS has only partially guided Islamic banking in practice, largely because Islamic banks must remain comparable with conventional ones. Over two thirds of global Islamic banking contracts today follow prin...