Interest free debt consolidation

In the finance market there is lots of changes comes up after globalization. As every country think to reduce there import duty to actualize the open economy process. In the financial market too banks and the govt. of every country want to reduce there interest rate near to zero. In some countries bank are already reduce their interest to zero. As per Islamic finance and sariah rule interest is strictly prohibited .That means the whole world financial market try to adopt the same think tank as Islamic finance, which they apply from last hundred of years.

In Islamic finance debt, mortgage, investment and debt consolidation all applicable if they follow the sariah rules and regulation. In Islamic law interest is strictly prohibited, but you can help other with debt, or be able to take debt if its interest free. Interest free Debt Consolidation Company, lender of debt or mortgage issuer can charge a specific fix amount as installment and they fix the installment with their rent.Interest free debt consolidation company can fix the monthly or quaterly payment for there coustomer and there commission charges also include on the installment amount this will help to the customer to get out of the unnecessary burden with change in interest rate in the market.Interest free debt and mortgage also has the same benefits.

Few years ago all the investor from Middle east invest their income from petroleum export in US bonds , and they leave there interest they just get the profit of increased value of the US bonds.

These will beneficial for US bonds issuer too. When the US dollar market value reduces after gulf war, the Middle east investor change their mood of investment and they shift their investment from US dollar bond to other courtiers bonds. On the mean time innovation of the sukuk is give a lot of help to the middle east investor .UK is the first country want to develop their market as a sukuk hub to get the middle east investors money and on the mean time rise of Euro also helps a lot. Japan , Singapore and China are some of the big name from Asia run on the same path. Malasia become the largest sukuk bond market in the word after the innovation of sukuk but there is great competition from Singapore, Japan and China.