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In Islamic banking
If u take loan of 50,000 then u must return 50,000 not more than 50,000
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∙ 12y ago
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Islamic banking and finance?
Islamic banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Sharia) and its practical
What has the author Julian Lamont written?
Julian Lamont has written: 'Distributive justice' -- subject(s): Distributive justice
What are the Main features of Islamic banking and insurance policy?
what are the main features of islamic banking and insurance poiicy ?
What justice refers to fair and equitable allocation of benefits and burdens?
distributive justice
What has the author Carl Knight written?
Carl Knight has written: 'Responsibility and distributive justice' -- subject(s): Philosophy, Responsibility, Distributive justice, Political science
Is Islamic banking halal?
Yes. 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.
What are the objectives and principles of islamiC banking system?
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.
What is distributive justice in organizational behavior?
Distributive justice in organizational behavior is a type of organizational justice that focuses on a person's perception that they have received fair compensation for their work (i.e. pay, recognition, better assignments, etc.)
What is isalmic banking?
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.
What are some popular Islamic banking services?
Islamic banking services are available from some specialist Islamic banking institutions such as Islamic Bank of Britain, or European Islamic Investment Bank. There are also an increasing number of Islamic banking services available from non-Islamic institutions such as Lloyds TSB.
Why is it necessary to introduce islamic banking system to a country like nigeria?
Any country that has a significant Islamic population would need Islamic banking systems to help the Islamic community avail banking services. Per the Islamic laws, giving or taking interest is considered haram or illegal. Islamic banks operate per the laws laid down by Islamic Religion and thus more and more Islamic people can use their banking services. They may not be willing to open an account with a regular bank as it is forbidden per their religion.
What is differences between Islamic economics and modern economics?
islamic banking is nt full on interest but infront of modern banking totally on interest
