5330109
Description
Flashcards by Jevgenija Zukova, updated more than 1 year ago
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Created by Jevgenija Zukova
over 8 years ago
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| Question | Answer |
| What involves sustainability? | >Trying to ensure that the existing standards of living enjoyed by people in developed countries can continue into the future > Enabling people in developed countries to raise their living standards > Reducing our consumption of resources |
| Why would people give up on some of their wants? | So that people in future can satisfy their needs. |
| What is environmental sustainability about? | > reducing the negative human impact on the ecosystems > reducing undesirable consequences of economic activity |
| What is social sustainability about? | > creating communities that foster well-being, peace, security and justice for the people who live in them |
| What are the aspects of sustainability in financial sector? | > Sustainability of provider > Sustainability of consumer > Sustainability of financial network |
| What are three types of people that choose financial product? | > Ones that cannot be bothered to explore and research on sustainability or ethical policies > Ones that are very concerned about ethical policies and think of sustainability > Ones that want to support a charity |
| Why would people with ethical considerations buy products of a building society? | Because banks have pure customer service and so ethics are not followed completely. Also, building societies have more ethical and green products. |
| What's the principle of Islamic banking? | A person should not enjoy an increase in wealth from allowing someone else to expose their wealth to the risk of loss. |
| What is Sharia law? | It's a law that don't allow interest as a tool of profit. It does allow to a person to receive a fair proportion of the profits they have helped to make. It states that a person/institution must place their money only in investments that are ethical |
| What means halal? | It means that investment should be: > free of interest > made in permissible activities > separately approved by an independent Sharia supervisory board |
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