Can anybody in here explain what the differences are between Sharia (Islamic) Finance and our current system of fractional reserve? I see where Australia is apparently considering switching to Sharia Finance and apparently there are increasing calls around the world for such a move in other countries as well, as the dangers of our usury/fractional-reserve system become more apparent. I already know that, under Sharia Finance, there is apparently no interest charged on loans. So how do financial institutions generate revenue in Islamic countries?
This might have implications for preparing the way for the Antichrist.