Scope of Islamic bank of Islam?

Answer 1

As per Islamic laws giving and receiving interest is considered Haram or Unlawful. So, Islamic banking practices were started to provide banking services to customers following the Islamic faith so that they can take up banking without offending their religious sentiments.

Answer 2

Includes all the normal stuff excluding "Interest", which is forbidden. "Loans" are discouraged but not forbidden, to prevent fraud and dishonesty. Predetermined fixed Interest rates, according to some Muslim interpretation, is considered as Reba which is forbidden in Islam.

Answer 3

Islam religion of humanity, and respecting for human rights and obligation, Islam came in an empty world of humanity i mean the Arabic people was between and acting like tripe's of Wolfe and they was have too many wars between those tripe's, and there is an familial war we call it Dahes and Khabra, those are names for two tripe's of fight, as you can thing in the situation that time every thing is mixed up, is lam make interfere with human life and put laws and those to obey God law and to have good life plus feeling of community and people all around you, Islam put and organize all human life from the begging he put laws in money marriage and all life point view, in Islam accounting is totally different from any other type, in normal or commercial we are using now a days we make profit for money example when some one barrow money from bank then bank calculate ROI and give profit upon ROI so customer will got this amount of money minus profit in advance if he fail in his project he will paid profit plus original money amount and profit keep dynamic that mean he will paid ROI many times, so money became as property and that contradict business life cycle growth.

In Islam law money are invested in the same example when some one have project and he don't have money and borrow money from Islamic accounting type no matter bank or else as an Islamic borrow client don't have to paid profit instead there are two type of controlling this process first bank go and buy the material and give it to customer in advance agreement about the price and even those money value keep without payment from client he don't finish his liabilities he will paid the agreed money amount so ROI not used, in another type is sharing so bank share the project in ratio to his amount and if project fail that mean both side will paid liabilities of any other third party have loan them money and that happen some times both will pick up the cash.

conclusions

Islam accounting invest money

Any other type invest money and that terrible

Answer 4

to reduce the poverty