Islamic Banking in all over India
Bankingallinfo July 5, 2021
Comments (0)

Islamic Banking in all over India

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 and prohibits interest”. It is against […]

Read More
Discussion about Ijarah (Leasing)
Bankingallinfo November 3, 2020
Comments (0)

Discussion about Ijarah (Leasing)

Discussion about Ijarah (Leasing)   Ijarah (Leasing) Ijarah is a term of Islamic fiqh. Lexically, it means “to give something on rent”. In the Islamic jurisprudence, the term “Ijarah” is used for two different situations.  1) In the first place, it means “to employ the services of a person on wages given to him as […]

Read More