How many Islamic banks are there in the world?

Answer 1

1 Company Qatar Islamic Insurance Co. Qatar

2 Company safety Yemen

3 Dubai Islamic Insurance and Reinsurance Company (AMAN) Emirates

4 Company First Takaful Insurance Company Kuwait

5 Takaful Insurance Company Kuwait

6 Takaful International Company Bahrain

7 companies of the Charter of Arabia

8 National Company for Cooperative Insurance Arabia /

9 companies Islamic Takaful Limited Kuwait

10 The Islamic Corporation for Insurance of Investment and Export Credit Arabia

11 of British Islamic Insurance - United Kingdom

12 companies Boubyan Takaful Insurance Company - Kuwait

13 companies (ACR) for the Islamic re-insurance - Dubai

14 companies safety for Cooperative Insurance - Saudi Arabia.

15 - Peace old company in Britain to secure

16 - Company AIG Takaful'' care'' Bahrain

17 - Wethaq Takaful Insurance Company - Kuwait

18 - Noor Takaful - Bahrain -

19 - t'azur Islamic Insurance - Saudi Arabia

20 - Insurance Company for Islamic Insurance "Bima" Qatar

In the name of God the Merciful

The banking sector (banks) of the most important economic sectors to play an important role in global economic activity.

With the increasing role played by commercial banks and uniqueness financial markets unfolded and the extent of this impact on the economies of countries, increased the need for banks operating under Islamic law, and this sense originated Islamic banks and began activating its activities and play a constructive role in the service of Islamic economics, as this bank as a player influential and prominent role in the economies of Islamic countries, which called for a lot of commercial banks to establish separate units operate according to Islamic standards, not even some of them turned fully to the work according to the Islamic regime.

From this point began to go about activating the role of the Islamic economy, so that it is an alternative to the system of the Western banking (usury), where I took these departments upon itself, the development of banking services, to meet the needs and desires of its customers current and future, which had a large impact on the Azdeyad base dealers with banksIslamic.

On this subject we will take a light on the history of the emergence of commercial banks and stages of development throughout history, then the emergence of Islamic banks and the objectives assigned to it.

The emergence of banks (banks) commercial:

Began the emergence of banks in Italy, in Venice in 1157 AD and then successively the emergence of banks, then, appeared Bank of Amsterdam in 1609 AD and the Bank of England in 1694 AD and the Bank of France in 1800, were derived word bank currently used by the word Banco Italian, which means the table or the table, where was the money-changers in the Middle Ages are sitting in the ports and places of public money for trading (exchange), and wooden office in front of them called the name of (Banco) put the money, and practice by buying and selling different currencies.

But the worker knew this kind of deal on credit since ancient times and evolved according to the use of money as an intermediary for trade-offs, with the beginning of agriculture, industry and trade, as indicated by fossils that Alsomaren in Mesopotamia have known all kinds of banking activity such as finance included the agricultural sector. Well as in the area of ​​Babylon in which the civilization on the ruins of the Sumerian civilization, then the Greeks, Romans and then studied at the hands of the Greeks and learned their way of banking and publishing work Greek banking in most parts of the world, due to the wide influence

Advantages of commercial banks:

Commercial banks are the banks that deal with credit and calling banks deposits and most important what sets it apart from others is to accept deposits under the dog and current accounts Demand Deposits with the result that the so-called creation of money Money Creation The mere acceptance of deposits is shared by different types of banks, bank rests Central Bank (SAMA ) accepts from commercial banks, but it requires that the deposit has a specific part of their funds in the form of a cash reserve, and some specialized banks accept different types of term deposits, or subject to notice.But what distinguishes the commercial banks is the acceptance of the current account Current Accounts, which makes them willing to pay this money to their owners upon request at any time, while not dealing other banks, this type of accounts are usually, as only dealing on deposits for Time Deposits, where owner can deposit money may be withdrawn only after the agreed period of time, and after prior notice.

As a result of the creation of money are important for commercial banks credit deal distinguish them from others, and handling credit means re-lending part of their deposits under certain conditions.

The functions of commercial banks:

The functions of the bank is divided into two types: -

- The functions of an old classic, and can be summarized as follows:

1 - acceptance of deposits of different types

2 - run the bank's resources in the form of loans and investments, taking into account a variety of reconciling the bank's liquidity, profitability and security.

- The modern functions are based on:

1 - Leasing business and property of the customers and provide economic and financial consulting

2 - finance (credit)

3 - make the payments on behalf of others

4 - Service Credit Card Credit Card

5 - payment of utility bills (telephone, electricity, etc.)

6 - the collection of commercial paper

7 - to contribute to the development plans of Commerce

8 - to contribute to the development projects

9 - buy and sell securities for the account and save dealers

10 - issuing letters of guarantee

11 - Rental safes

12 - buy and sell currencies and convert them to the outside

13 - sale of traveler's checks

14 - the amounts paid out of appropriations for

Definition of the Islamic Bank:

Financial institution is a bank to collect the funds and using them within the law to serve the community phalanx of Islamic solidarity, and the achievement of distributive justice and the development of Islamic finance in the path, with a commitment not to deal usurious interest taking or giving, and avoiding any action in contravention of the provisions of Islamic Sharia.

Banks Islamic starts from the perspective of the view that wealth is the wealth of God, and that humans Mstkhalafon in this money to direct it to what pleases God ... in the service of servants of God, not the individual free to absolute freedom to do in his wealth as he pleases because his hands of casual, property truly is a God Creator of all things , so the Islamic bank must abide by the principles of Islamic law that directs money to community service, and he made this commitment to success. And this is confirmed to us the following:

- That the source of money and employment must be lawful.

- The investment of capital that must be away from the suspicion of usury

- The distribution of risks and results, must be made between employers and their money management.

- That the truly needy in the funds for a way Akaddran zakat

- To control the legitimate basis of the auditing and oversight in Islam.

The emergence of Islamic banks:

The first appearance of the system of Islamic banks is in the house of Muslim money, where the care of the affairs of Muslims and the means to their needs whether individuals or groups. Where he was the house of money funding requirements necessary for the society, came in the history of al-Tabari: The India girl threshold, has to Omar ibn al-Khattab- may Allah be pleased with him Vostkarzth of the house of Muslim money four thousand dirhams, trafficking in them, guarantee, Vokarzha, I went to a country dog, Vachtrt and sold, and when he came to the city complained menial (ie loss) said to her age: (if the financial to the left, but money-Muslims ).

In the modern era and after the changed conditions of life in various areas of social, economic, cultural, and after that came paper money emerged role in the life of the individual and society, there is a need to the existence of financial institutions meet the requirements of the community in my part of financing and production, has been encouraged by a rise in interest rates and increase demand for funds for the development of industrial and commercial.

At the beginning it took over the Jews in these institutions then were joined by Christians in Europe in particular, and finally followed by some of the Muslims and that during the scramble for colonial on the Islamic nation to enter a institutions usury to Muslim communities and that was the beginning of the fourteenth century AH, and the other by giving a recipelegitimacy to these banks to the extent that opined that some permissible to take benefits under the pretext that it is not a Lord of ignorance which is down by the Koran, which the Qur'an came and it may be taken of the need and necessity, and when he realized jealous of the nation gravity institutions usury, and they made the enemies of Islam, began voices calling for converting these financial institutions usury to Islamic financial institutions, and so crystallized the idea of ​​establishing Islamic banks, has come into existence was the first attempt of this approach in Pakistan in a rural area, at the end of the fifties of this century, through the emergence of an institution that receives deposits from the facilitators and lending to farmers / without reward, but charge a nominal wages cover their administrative costs. But what soon shut this institution down to the lack of a cadre of qualified workers, and not to renew the demand for deposit with the institution, then appeared the second experiment in rural Egypt in the year 1963, which was founded savings banks, operates according to Islamic law, is this experience the first experience of a registered in the modern era in the field of Islamic banking, and as a result of not dealing benefit enjoyed these local banks to encourage citizens of the countryside and their support, where the number of depositors in about (59 000) filed within three years of work, but this experiment also did not continue in 1967, m has been stopped work as a result of domestic circumstances.

We have reflected the trials two former - although not their success the desire of Muslims to find alternatives to the banking institutions to the list, and which are consistent with Islamic law, so I saw the seventies of the last century, a new start for the idea of ​​the establishment of banks and financial institutions of the Islamic year 1971, founded in Egypt, the first bank is Bbmarsh banking activity on account of usury, the Nasser Social Bank, which began the practice of his practice in 1971 and then followed by the establishment of two Islamic banks together in 1975 are Dubai Islamic Bank and Islamic Development Bank in Jeddah and then rolled the movement of the establishment of Islamic banks, the emergence of Faisal Islamic Bank of 1977 and the Faisal Islamic Bank of Sudan, and Kuwait Finance House, followed by Jordan Islamic Bank. in the year 1978.

Then I took the Islamic banks are increasing significantly year after year until there is more than ninety banks and Islamic financial institution.

The objectives of Islamic banks:

1 - the development of national and global economy and support on the basis of an ideal and legitimate.

2 - quest for the Liberation of banking transactions from legitimate Mahaddourat (RIBA)

3 - to achieve justice in the distribution of revenues between the owners of wealth to use the funds and their management and the needy.

4 - the organization of benefits between the truth to the owners of capital and depositors.

5 - taking into account the social aspect of the Zakat on capital and output of transactions within the rules agreed upon objective.

6 - Commitment to the principles of the Divine Law which directs money to community service

7 - to provide acceptable alternatives in terms of legitimacy of traditional banking services.

Answer 2

That I know of, only Iran and Saudi Arabia practice Islamic banking; most Muslim countries practice what are generally viewed as "thieving Jewish methods." For example, in "Jew banking" you use a form of legalized stealing known as interest, in "morally upright and honest Muslim banking," you don't charge any interest. The main draw back with Muslim banking is that it does not pay interest either; the money just sits there. That interest was invented by Jews is a misconception though; interest in banking is a Roman invention, later on refined and perfected by the Germans, and later on the Swiss. Swiss bankers have refined legalized stealing to an art form; they are so adept at stealing money through interest they have been doing it for such a long time, the western world has managed to convince everybody, that interest isn't stealing. "Oh its not stealing, those are just the rules of banking......" Strictly speaking, interest IS stealing, because you are paying back money you did not originally owe. Hardcore Muslims, virtually all view interest as a form of theft.

Answer 3

523686