Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What are three prohibitions of Islamic Banking ?

This question is related to the three basic prohibitions of Islamic Banking, which are fundamentals to Islamic banking and finance

user-image
Question added by Asadullah Soomro , Finance Executive , National Refinery Limited
Date Posted: 2018/02/21
Ashraf E. Mahmoud (PhD)
by Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

I do believe that the three main prohibtions of Islamic Banking are:

!- Dealing with Riba.

2- The Pre- Fixed Interest Rate.

3- Interest Bearing Loans and Deposits.

Rbia. Rbia fidl and fixed profit

Asadullah Soomro
by Asadullah Soomro , Finance Executive , National Refinery Limited

Three basic prohibitions that rae are aplleis to every Islamic banking and finance decision are, Riba Free, mayser free  and gharer free 

More Questions Like This