The management of Islamic finance in Cameroon

Islamic finance is a set of financial and/or commercial transactions that respect the principles of sharia (Islamic laws). Nowadays, Islamic finance is experiencing a great evolution in the world. The objective of this research is to analyze the elements that explain the evolution of this finance in general throughout the world and in Cameroon in particular. To carry out our study, we have done a documentary study, a field trip to touch with our fingertips some realities on Islamic finance and exploit some websites. It emerges from this analysis that Islamic finance is an evolving finance because it respects ethical values, it prohibits interest for the benefit of the profit margin, it also prohibits speculation and uncertainty, the prohibition of illicit activities (HARAM) is also a strong principle for its growth and advocates for the systemic backing of funding to tangible assets. It encourages the use of participatory financing, in which banks and clients share profits and losses (3P).

Autorentext

ABDEL RAZAK BEN THALHAT Ramadan possui um Mestrado Profissional em Gestão de Instituições Financeiras (Banca, Seguros, IFM) obtido na Ecole Supérieure de Commerce et de Gestion des Entreprises (SUPDECO-Yaoundé) nos Camarões. Além disso, foi um dos pioneiros das finanças islâmicas nos Camarões durante o seu tempo no FIRST BANK.