SKUOK THE FUTURE OF ISLAMIC FINANCE IN EGYPT 2من اصل9

o 10 million dollars annually during the first phase, distributed betweenf
landed financial leasing and finance the small projects and also individuals
directly. regardless of what’s going on in the Arabian reign nowadays. of
political Islamic’ streams in Tunis ,Egypt ,Libya or in Morocco, that the
whole world is directed to take the Islamic finance system, and to applicant
the Islamic finance of instruments because the global financial crises that
started to pressure on the global economic system since the mid of year
2008 has revealed the weakness and the fragility of such system, and so
major global institutions has reached its aim in the Islamic finances’ services
like instruments and others.
The importance of the Islamic finance formats seems in its ability in
achieving justice between the two sides of the equation
i which side get it’s right, instead of the leading benefits system whichn
usually secures the lender’s right on the borrower’s expose .
Also these instruments secure using the valid finance system in really
growth projects which benefits the society.
In addition to the Islamic finance’s keen to link between financial assets and
real stocks and refusing the consideration that money is cash in it self.
The Islamic financial finance’s formats have characteristics and features
which precludes the existence of project finances’ problems, with all
advantages inside.
That no other traditional finance’s system have, it is characterized by
diversity and pluralism.
There are methods of financing depending on lists of donations,
righteousness and charity, and other methods of financing lists on the posts
on commercial credit as it has the variety in fields of agriculture industry,
trade and services. all these methods give more chances and fields to
finance projects.