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How is Islamic banking different from commercial banking?

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Question ajoutée par Dana Salameh , Director of Learning , Energi Lab LLC
Date de publication: 2013/07/18
Zeeshan Ahmed
par Zeeshan Ahmed , Credit Analyst , National Bank Of Pakistan

The main difference between two is interest (Riba). Interest (Riba) in Islam is prohibited (Haram) in Islam. Therefore Islamic finance based on profit/loss sharing basis just like bussiness of Modern Corpoation based on Capital.

 

fadi amer
par fadi amer , Reporting & Financial Analysis Division Chief , Wassel Group

please see this link http://www.ijbssnet.com/journals/Vol._2_No._2%3B_February_2011/20.pdf

Utilisateur supprimé
par Utilisateur supprimé

Islamic Banks have a Fatwa Committee in which all banks products and services need to approved as per Islamic or Share'ah

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