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
- Competitive Equality in Banking Act
Competitive Equality in Banking Act is the legislation that authorized recapitalization ... - Direct Foreign investment (DFI)
The methods of increasing international business extend from the relatively simple approach ... - Unisex rating
Unisex rating is a rating system in which the pooled loss experience of both sexes is ... - Marketable securities
... - Indirect financing
Indirect financing is the process by which deficit spending units obtain funds from financial ...
Different Types of Banking System
11 Features of A Central Bank
Reformulating procedures of owner’s equity
Power in Organization and the use of this power
Understanding the concept of Franchising and its Pros & Cons
Key areas which helps to build career in finance