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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.
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 are the Main features of Islamic banking and insurance policy?
what are the main features of islamic banking and insurance poiicy ?
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 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.
Islamic bank available in India or not?
Due to current government policies and banking act, it is not possible to run any Islamic bank in India. The government asked RBI (reserve bank of India) to make a feasibilty study for Islamic banking in India and RBI. Reserve Bank of India (RBI) constituted a committee in 2007 to examine the issue but viewed that Islamic banking cannot be offered by banks in India as well as the overseas branches of local banks under the present legal framework. Except a basic offering like current account, almost no other banking product in India can be modified to meet the conditions of Islamic banking. Most of the Islamic financial institutions are registered as Non-Banking Financial Company (NBFC) in India. You may find many such NBFC's running on Islamic principles in India in several states.
What is differences between Islamic economics and modern economics?
islamic banking is nt full on interest but infront of modern banking totally on interest
Which is the top university for Islamic banking and finance?
International islamic university Malaysia
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 the importance of Islamic banking?
To not promote usery
Is the Islamic banking is really Islamic and how?
Islamic banking is, in a sense, like regular banking with focus of no fixed interest rate. The interest in Islam is called "Riba" (Usury). Riba or Usury is strictly forbidden in Islam because it is unfair. Islamic banking dealing focuses on buy and sell for a profit that does not guarantee a profit rate neither for the bank nor the customer.
