Islamic Banking: True Modes of Financing By Dr. Shahid Hasan Siddiqui, Eminent Pakistani Banker & Economist. Introduction Prohibition of interest is ordained in Islam in all forms and intent. This Prohibition is strict, absolute and unambiguous. The Holy Qur’an in […]
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The Role of Central Banks in Islamic Banking
The Role of Central Banks in Islamic Banking Dr. Iraj Toutounchian Prof. C. G. Harcourt: “…ideologies…affect the topics discussed, the manner of discussion, the factors included or left out or inadequately stressed in arguments, comments, and models and attitudes shown, […]
Read moreWhat are the objectives of Islamic banking
The fundamental objectives of Islamic Banking is to bring about departure from conventional banking from a debt-based relationship to an equity-based . What are the objectives of Islamic banking Objectives of Islamic banking :The fundamental objectives of Islamic banking is […]
Read moreDifference of Accounting System between Islamic Banking and Conventional Banking
Difference of Accounting System between Islamic Banking and Conventional Banking The difference of Accounting System between Islamic Banking and Conventional Banking:1.00 Islamic Banking: Banking runs on Islamic Principle The Organization of Islamic Conference (OIC) defined an Islamic Bank as “ […]
Read moreBasic concept of Islamic Law
Basic concept of Islamic Law Islam has a set of faith and values encompassing all aspects of life. Muslims are obliged to establish and maintain it. For example,Sovereignty, according to islam, vests in God. This means, it is only His […]
Read moreConcept, types & Characteristics of different modes of Investments
Concept, types & Characteristics of different modes of Investments Different Modes of Investment under Islamic Shariah, Concept, Types &Characteristics of different modes of Investments Shari’ah The word “shari’ah” literally means “a way.” In Islamic terminology, it means the legal system […]
Read moreIslamic Banking Problems and Prospects of Bangladesh
Islamic Banking Problems and Prospects of Bangladesh To know Islamic Banking Problems and Prospects of Bangladesh at first we should have to know what is Islamic Banking. What is Islamic Banking A banking is a systematic process of financial activities […]
Read moreTalking on Banking-Conventional and Islamic Banking
Talking on Banking-Conventional and Islamic Banking Banking What is banking? Banking definition is given by expert banker in various points of views.Some one says; banking is a process of depositing money and investing to the clients in a systematic way. […]
Read moreIslamic Banking Operations in Bangladesh
Islamic Banking Operations in Bangladesh What is Islamic Banking ? Islamic banking is a system of financial intermediary that avoids receipt and payment of interest in its all transaction and conducts its operation in accordance with Islamic shariah. The definition […]
Read moreProblems facing Islamic Banking in Bangladesh
Problems facing Islamic Banking in Bangladesh 1.Lack of central Shariah Manual or Guidelines supervised by Bangladesh Bank. 2. Lack of Full-fledged Shariah Audit conducted by Bangladesh Bank. 3. Fraud-Forgery or corruption in Islamic Banks. 4. Lack of Islamic Investment Risk […]
Read moreBai Murabaha
Bai Murabaha The term ‘Bai-Murabaha’ has been derived from Arabic words ﻊﻴﺒ and ﺢﺑﺭ (Bai’un and Ribhun). The word ﻊﻴﺒ means purchase and sale and the word ﺢﺑﺭ means an agreed upon profit. ﺍﻠﻤﺮﺍﺒﺢ ﻊﻴﺒ ‘Bai-Murabaha’ means sale on agreed […]
Read moreIslamic Banking- Bai Mechanism
Islamic Banking- Bai Mechanism Bai Mechanism Bai means purchase and sale of goods in cash or on credit or in advance at an agreed upon profit, which may or may not be disclosed to the client. Majority of investments of […]
Read moreIslamic Banking- Bai Mechanism
Islamic Banking- Bai Mechanism Islamic Banking- Bai Mechanism: Bai Mechanism Bai means purchase and sale of goods in cash or on credit or in advance at an agreed upon profit, which may or may not be disclosed to the client. […]
Read moreBai Murabaha
Bai Murabaha The term ‘Bai-Murabaha’ has been derived from Arabic words ﻊﻴﺒ and ﺢﺑﺭ (Bai’un and Ribhun). The word ﻊﻴﺒ means purchase and sale and the word ﺢﺑﺭ means an agreed upon profit. ﺍﻠﻤﺮﺍﺒﺢ ﻊﻴﺒ ‘Bai-Murabaha’ means sale on agreed […]
Read moreSources of Islamic Economic Laws
Sources of Islamic Economic Laws The uniqueness of Islamic laws lies in their comprehensiveness of principles, valid through ages in respect of the whole of mankind. The whole basis and sources of Islamic laws are a standing and perpetual miracle—miracle […]
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