FUNDAMENTAL DIFFERENCES AND ANALYSIS OF THE ORGANIZING PRINCIPLES OF ISLAMIC FINANCE AND TRADITIONAL FINANCE. IN THE EXAMPLE OF ISLAMIC BANKS AND TRADITIONAL BANKS

Islamic finance has begun to grow in international finance worldwide, with some concentrations in a few countries. In recent еars, Islamic finance has grown by nearly 20 percent per еar, demonstrating its strength and broad appeal, partly due to the principles that govern Islamic finance, including equity, participation and ownership. In theory, Islamic Finance is resilient to shocks because it emphasizes risk sharing and limits excessive risk taking. acquisition, and astrong connection with real activity. Empirical evidence on the sustainability of Islamic banks, however, is so far mixed. Although these banks face the same risks as traditional banks, they also face unique risks that require adaptation of current risk management practices. The macroeconomic policy implications of the rapid expansion of Islamic finance are far-reaching and require careful consideration.