they do it because they want to
by saying hi
islamic banks hire the services to a client, for example a student having this financing /hiring this facility from the bank to join courses at the university.
There are many good Islamic banks UAE. You could open an account in any of them.
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bank Al-Islamic is only who give services according to Islamic principles.
Banks are banks. By prefixing 'Islamic' before a donkey does not make it Halal, similarly Usury is never 'slamic'. Anyhow, it is a bank operating in Bangla Desh.
Paddy Banks
Islamic banks profit differs from most other countries. It is illegal for an Islamic bank to charge interest on a loan. A loan can only be for the value of the item. The person receiving the loan however, will pay an extra amount which is considered a gratuity.
Total number of private commercial banks is 36 including 8 Islamic commercial banks. And there are 9 foreign commercial banks in Bangladesh.
What does to complete a credit facility means?" Answer: Credit facility means a facility for an individual or a group to fulfill his house hold, individual, basic, business requirements. Banks & DFIs are currently providing this facility to individual or group, where banks or DFIs provide credit on monthly basis repayment procedure inluding interest & service charges. This facility helps individual or group to fulfill them urgent requirements in a short time of period.
Fuad Al-Omar has written: 'Islamic banking' -- subject(s): Banking law (Islamic law), Banks and banking, Islam, Religious aspects, Religious aspects of Banks and banking
I don't know if you mean Islamic banking models in Africa or whether there are Islamic banks in Africa?If the latter, i can tell you that Kenya has licensed two fully fledged Islamic banks (fully shari'ah compliant) but about five conventional banks have Islamic windows (offer products that are shari'ah compliant).One of the two banks started operations in Jan 2008 and has three operating branches. Its vision is to be regional by next year (in east Africa) and eventually the whole of Africa. The other bank is expected to start operations any time now.You can find out more through info@gulfafricanbank.comRegards