Islamic Banking: True Modes of Financing

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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Islamic banking difference

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 rules and regulations as having their origin in the Holy Qur’an and Sunnah to govern all aspects of human life. […]

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Islamic Banking images

What do you know about Islamic banking

What do you know about Islamic banking Islamic banking (or participatory banking) is that types of banking or banking activity which is consist of the principles of Islamic rule (i.e Sharia) and its useful function through the expansion of Islamic finances. Islamic rule or Sharia prohibits the fixed or floating […]

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