A system of banking based on the statutes of Islamic law and economics. Paying or collecting interest, or riba, is prohibited by Islamic law. Sharing profit and loss is a banking principle and shareholder capital and deposits are kept separate to ensure fair revenue sharing.
Related information about Islamic banking:
- Islamic banking - Wikipedia, the free encyclopedia
Islamic banking (or participant banking) (Arabic: المصرفية الإسلامية) is banking or banking activity that is consistent with the principles of sharia law and its ...
- Institute of Islamic Banking and Insurance - Home
Academic and research organisation dedicated to the promotion and implementation of Islamic finance. Includes information about publications, training, and ...
- Islamic Banking: Steady in Shaky Times
Oct 31, 2008 ... JIDDAH, Saudi Arabia -- As big Western financial institutions have teetered one after the other in the crisis of recent weeks, another financial ...
- Islamic Banking Network | A portal fo Islamic Banking and Finance
Introduction This paper outlines a theoretical model in which a major determinant of asset prices within an economy is the amount of credit creation undertaken ...
- Islamic Banking & Finance magazine
Summary of articles featured in the current issue of Islamic Banking & Finance magazine.
- Islamic Banking
An analytic essay on Islamic Banking. Traces the history, describes the methods and analyses the problems. Provides viables solutions. References.
- Finacle - Islamic Banking System Solutions
Finacle Islamic Banking Solution & Services offers an integrated approach for banks to define & present Shariah-compliant Products & Services to customers.
- Bank Alfalah Limited -- Islamic Banking
At the heart of Islamic Banking is a system of commercial transactions that not only provides Halal modes of commercial transactions by avoiding that which is ...