Islamic banking and Commercial Banking

Islamic banking and Commercial Banking Islamic banking and Commercial Banking: Discussion of Islamic banking and Commercial Banking 1.0               Islamic Banking: Banking run on Islamic Principle. The Organization of Islamic Conference …

Characteristic of Islamic Finance

Characteristic of Islamic Finance  What is the relevant characteristic of Islamic Finance? The most relevant characteristic of Islamic finance can be optimized in the following four basic principles: To avoid …

Bai-salam

Bai-salam Bai-salam defined as a contract or agreement with a buyer and seller in which the seller is sold in advance the certain commodity (ies)/ products(s) permissible under Shairah and …

Islamic Bank BD

Islamic Bank BD   Al-Arafah Islami Bank Limited Swift Code: ALARBDDH Phone: +880-2-7123255-7, 9568007, 9569353 Email: aibl@al-arafahbank.com Stock Code  – Website http://www.al-arafahbank.com

Islamic Banking Modes

Islamic Banking Modes Islamic banks do not directly deal in money. They run business with money. The funds of Islamic banks are mainly invested in the following modes: 1)            Mudaraba; 2)            …

Islamic Banking Deposit Products

Islamic Banking Deposit Products Shariah principles for receiving deposits Islamic banks receive deposits under two principles: i) Al-Wadeeah principle. ii) Mudaraba principle. Al-Wadeeah: Fund which is deposited with Banks by …

Terms used in Islamic Banking

Terms used in Islamic Banking The following terms as used in this guideline, if not repugnant to the subject or affairs, shall have the following meaning: a.         “Shariah” means such …