Islamic bank

Islamising the banks in order to eliminate Riba is as absurd as Islamising the brothels in order to eliminate prostitution.......This farce must end, because not only is it a non-sensical exercise but it prevents the real Islamic model from ever returning." - Further info: http://umarvadillo.wordpress.com/2013/10/19/muamalaat-the-alternative-to-the-riba-system-exists/ & http://umarvadillo.wordpress.com/2013/10/19/answers-to-the-questions-of-the-federal-shariah-court-of-pakistan/#more-104

The indispensable notion of Islamic banking is furthermore identified as ‘interest-free banking’. It is operates on the crucial principled values with merely lone major distinction that Muslims aren’t supposed to give or accept interest

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Dubai Islamic Bank (Gulberg), Karachi. (www.paktive.com/Dubai-Islamic-Bank-(Gulberg)_658NA05.html)

Dubai Islamic Bank logo vector. download Dubai Islamic Bank Logo vector In Different Format

Definition of Islamic Banking:Islamic Banking is a financial Institution whose statutes, rules and procedures expressly state its commitment to the Islamic Shariah and to the banning of the receipt and payment of interest on any of its operations.

This article explains the workings of Muslim Banks, Islamic Finance, and financial products. Without charging interest, how do these institutions make money?

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With 16 fully-fledged Islamic banks and several other Islamic banking “windows” operated by conventional banks, Islamic banking and finance in Malaysia is poised to spread its wings even further. T…