Islamic Banking Modes

Islamic Banking Modes

Islamic Banking Modes Islamic Banking Modes: Islamic banks do not directly deal with money. They run business with money. The funds of Islamic banks are mainly invested in the following modes: 1)            Mudaraba; 2)            Musharaka; 3)            Bai-Murabaha (Murabaha to the purchase orders); 4)            Bai-Muajjal; 5)            Salam and parallel Salam; 6)            Istisna […]

Read more
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. […]

Read more
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 […]

Read more