Islami Banks
Islami banks do business of banking as commercial banks but it is on the basis of Islamic Shariah or Islamic principles and guided by Islamic economics.
Two basic principles behind Islamic banking are
- the sharing of profit and loss and,
- significantly, the prohibition of the collection and payment of interest.
Category: Banking & Finance
Previous: ← Specialized Banks
Next: Co-operative Banks →
More from this Section
- Representative office
Representative office is the simplest organizational presence for a bank in foreign markets, ... - Bankruptcy risk
Bankruptcy risk is the risk that a firm will be unable to meet its debt obligations. Also ... - Vostro Account
Vostro Account is a bank account held by a foreign correspondent of the local bank with ... - Deposit facility
Deposit facility is The European Central Banks standing facility in which banks are paid ... - Syndicate
Syndicate is a group of banks and financial institutions, which together contribute the ...