Category: Banking

Islamic banking can be described as a banking system based on Islamic law principles and guided by Islamic economics. Before we take an in-depth look

Islamic banks are less risky and more resilient than conventional banking in terms of bank capital requirement and mobilization of deposits. Somewhat perversely, the global

The significance of Islamic banking for the Muslim community lay in its potential to deliver them from the charging and paying of usury (interest), which is

Conventional Bank treats money as a commodity and lends it against interest as its compensation. Islamic banking products are usually asset-backed and include buying and

Islamic banking is different from conventional banking because interest (riba) is prohibited in Islam, i.e., banks are not allowed to offer a fixed rate of return on deposits

Islam allows only one kind of loan and that is qard-el-hassan (literally good loan) whereby the lender does not charge any interest or extra amount

The concepts of Islamic banking are derived from the Quran – the central spiritual text of Islam. In Islamic banking, all transactions need to comply

Islamic banking, also referred to as Islamic finance or Shariah-compliant finance, refers to monetary activities that adhere to Shariah (Islamic law). Two essential standards of