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Islamic Finance

.... profit and loss sharing basis which does not mean that the investments with Financial Institutions -- FIs are essentially speculative in nature. Speculation can be minimized through a careful investment policy, risk diversification and prudent management through Islamic FIs. It is probable that investment in Islamic FIs can deliver potential profits in proportion to the risk taken to fulfill the various demands of participants in the present environment and within the procedure of the Sharia. Islamic Banks are ordered to keep a distinctly differentiated position among shareholders capital and deposit of the clients so as to guarantee appropriate profit-sharing according to Sharia. (Islamic Banking: What is Islamic Banking?, n. d.)
Riba has rarely been acknowledged as applicable beyond the Islamic world, but a lot of its guiding principles have been. Much of these principles are founded on simple morality and common sense which is the underlying wisdom of a lot of religions inclusive of Islam. Even non-Muslim literature, prohibits usury, if Old and the New Testaments are any indication. 19th century literature inclusive of writings by Shakespeare also criticized the practice of usury. Majority of the moral principles advocated by Victorian writers like Charles Dickens ranging from equal distribution