The profit-loss sharing principle (PLS) of Islamic finance has been highlighted as a possible global solution. The role of PLS is to maintain an acceptable risk level to be shared between the bank and its customers. Solidarity and complementarity are the core principles that govern all investment and financing contracts in Islamic finance. When financial markets are facing a financial and economic crisis, the Islamic finance industry is not exempt from the consequences of such turbulence. Several debates have discussed the usefulness of corporate social responsibility (CSR) from different perspectives including the company’s perspective as well as social and ethical perspectives. In this sense, CSR within an Islamic bank has a greater dimension than in conventional banks; the core of the difference between the two is a moral difference that is manifested in all possible contracts and services and frames their exercise and functioning.
Profit-loss sharing principlesThe strategic answer of solidarity in Islamic finance
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