Islamic Banking

Shariah Compliance_ Irregularities Detected While Inspecting Branch and Remedial Measure

Shariah Compliance: Irregularities Detected While Inspecting Branch and Remedial Measure

Shariah Compliance: Irregularities Detected While Inspecting Branch and Remedial Measure   ِكُلٍّ جَعَلْنَا مِنكُمْ شِرْعَةً وَمِنْهَاجًا To each of you We prescribed a law and a method.                                                             [5. Sura Mayeedah : 48] SHARIAH & IT`S OBJECTIVES شريعة is an Arabic word : It means The way, Road Path, Destination Rules, Law Source of Water …

Shariah Compliance: Irregularities Detected While Inspecting Branch and Remedial Measure Read More »

Zakat- meaning

Zakat- meaning, principles,basis, categories,inflation,advantages and influence

Zakat- meaning, principles,basis, categories,inflation,advantages and influence (a) Its Meaning for Modern Man The word “Zakät” means “that which purifies” and “that which fosters”. All original sources of wealth—the sun, the moon, the stars, the earth, the clouds that bring rain, the winds that drive the clouds and carry the  pollen, all phenomena of Nature—are the …

Zakat- meaning, principles,basis, categories,inflation,advantages and influence Read More »

The Hidden Agenda of 'Interest' Versus 'Profit'

The Hidden Agenda Of ‘Interest’ Versus ‘Profit’

The Hidden Agenda of ‘Interest’ Versus ‘Profit’ Importance of Bank The Hidden Agenda Of ‘Interest’ Versus ‘Profit’ Banks are an essential component of the present day world-individuals as well as public and private institutions can hardly operate without the institution of banking. Commercial banking as we find it today had evolved over time and has …

The Hidden Agenda Of ‘Interest’ Versus ‘Profit’ Read More »

Baimuazzal-Export-Export-Financing-by-Islami-Bank

Baimuazzal (Export)-Export Financing by Islami Bank

Baimuazzal (Export)-Export Financing by Islami Bank   Baimuazzal (Export)-Export Financing by Islami Bank: It is a contract in which a client wishing to purchase raw materials, finished goods, commodities, spares, machinery, equipments or any other goods for request of the bank to procure the items and sell them to him at a price payable at …

Baimuazzal (Export)-Export Financing by Islami Bank Read More »