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 verse 278 of Surah Al-Baqarah states: “O ye who believe! […]
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Shariah Requirements for conventional banks By Sheikh Nizam Yaquby Shariah Scholar Bahrain Many conventional banks and financial institutions are increasingly becoming interested in Islamic finance and investment. How can these conventional banks and institutions enter this market? Is it possible or not? This paper is an initial attempt to lay […]
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Islamic Banking in all over India Islamic banking is a banking which follows the principles of islamic laws (Shariah) which prohibits interest based banking‘ and permits only profit sharing based banking‘. The concept is based on a verse of the Holy Quran that says “Allah has allowed only legitimate trade […]
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