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1. Islamic Banking Definition
investopedia.com
Link: https://www.investopedia.com/terms/i/islamicbanking.asp
Description: Islamic banking, also referred to as Islamic finance or Shariah-compliant finance, refers to finance or banking activities that adhere to Shariah (Islamic law). Two fundamental principles of Islamic banking are the sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and investors.
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2. Islamic banking and finance - Wikipedia
wikipedia.org
Link: https://en.wikipedia.org/wiki/Islamic_banking_and_finance
Description:
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3. Islamic Banking and Finance Definition: History and Example
investopedia.com
Link: https://www.investopedia.com/terms/i/islamicbanking.asp
Description: Islamic banking, also referred to as Islamic finance or Shariah-compliant finance, refers to financial activities that adhere to Shariah (Islamic law). Two fundamental principles of Islamic banking are the sharing of profit and loss and the prohibition of the collection and payment of interest by lenders and … See more
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4. Islamic banking and finance - Wikipedia
wikipedia.org
Link: https://en.wikipedia.org/wiki/Islamic_banking_and_finance
Description: OverviewPrinciplesHistoryIndustry frameworkProducts, services and contractsCompliance with Islamic goals and shariaEtic (from outside) and universal issuesSee alsoTo be consistent with the principles of Islamic law (Sharia)—or at least an orthodox interpretation of the law—and guided by Islamic economics, the contemporary movement of Islamic banking and finance prohibits a variety of activities, some not illegal in secular states: • Paying or charging interest. "All forms of interest are riba and hence prohibited… Kuwait: 10.1 Saudi Arabia: 33 Malaysia: 15.5 UAE: 15.4
Kuwait: 10.1Saudi Arabia: 33Malaysia: 15.5UAE: 15.4 -
5. Islamic Banking: What is it and How Does it Work? - Ethis
ethis.co
Link: https://ethis.co/blog/islamic-banking-how-does-it-work/
Description: WEBJan 3, 2023 · An Islamic bank is a type of financial intermediary that functions in accordance with Shariah principles (Islamic Sacred Law) and connects capital …
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6. Islamic Banking - What Is It, Principles, Types, …
wallstreetmojo.com
Link: https://www.wallstreetmojo.com/islamic-banking/
Description: WEBMar 19, 2024 · What Is Islamic Banking? Islamic banking or Islamic finance is a form of Sharia (Islamic law)-compliant finance. Here, the banking and financial practices strictly adhere to Islamic legal practices. It …
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7. Introduction to Islamic Banking | SpringerLink
springer.com
Link: https://link.springer.com/chapter/10.1007/978-3-319-66559-7_1
Description: WEBDec 19, 2017 · The definition of an Islamic bank, as approved by the General Secretariat of the Organisation of the Islamic Conference (OIC), is stated in the following manner: … Author: Nafis Alam, Lokesh Gupta, Bala Shanmugam Publish Year: 2017
Author: Nafis Alam, Lokesh Gupta, Bala ShanmugamPublish Year: 2017 -
8. The IMF and Islamic Finance
imf.org
Link: https://www.imf.org/external/themes/islamicfinance/
Description: WEBApr 16, 2015 · Islamic banking differs from conventional banking in several ways. Unlike conventional banks that operate on the basis of borrowing and lending with pre-specified …
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9. Islamic Finance - World Bank Group
worldbank.org
Link: https://www.worldbank.org/en/topic/financialsector/brief/islamic-finance
Description: WEBMar 31, 2015 · The term Islamic finance is used to refer to financial activities conforming to Islamic Law (Sharia). One of the main principles of the Islamic finance system is the prohibition of the payment and the …
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10. Introduction to Islamic Finance - Federal Reserve Bank of …
bostonfed.org
Link: https://www.bostonfed.org/-/media/Documents/cb/PDF/islamicfinance.pdf
Description: WEBDefinitions and Interpretation by Samira Saya Definitions Islamic banking is a banking system consistent with Islamic law (Shari’ah) principles and guided by Islamic …
