Riba- Its Economic Rationale and Implications By Dr. Abdel-Rahman Yousri Ahmad Director General Institute of Islamic University Pakistan Introduction The word “Riba”, in Arabic language, literally means an “increment’ or addition”. In Islamic Fiqh the term riba has a special meaning. Riba is an unjustified increment in borrowing or lending […]
Read moreCategory: Islamic Banking
Islamic 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 of an organization. Islamic banking is a process where as […]
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 upon profit. Bai-Murabaha may be defined as a contract between […]
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 Islamic banks are extended through this mechanism. A good number […]
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. Majority of investments of Islamic banks are extended through this […]
Read more