ISLAMIC FINANCE AND ITS PRODUCTS IN KINGDOM OF SAUDI ARABIA

Abstract

Islamic backing means how individuals in Muslims world contribute, store and utilize their cash in the banks as per Islamic law. Islamic fund significantly forbids the charging of intrigue, hazard bearing by one gathering alone; offer of dubious things, for example, protection and the back of business adventures, which manages the exercises depicted as unholy by the Quran Global Outlook of Islamic Finance. In this examination, we have utilized subjective philosophy to consider, talk about and break down the effect of Islamic back items on the Kingdom of Saudi Arabia. Distinctive items were dissected under the light of budgetary emergency that world may see and how Islamic fund can avert it.