Islamic Bank

Islamic Banking Basic Guide

1. What is Islamic Banking?
Islamic Banking is an activity that is consistent with Islamic Law or Shariah. The activity is carried out in accordance with the rules of Shariah.
2. Is Islamic Banking meant for Muslims?
Islamic banking is available for all individuals of all religious beliefs.
3. What are the differences between Islamic and conventional banking? The most important difference is the prohibition of interest. Islamic banking activity must comply with Shariah principles and avoid prohibited activities such as gharar (excessive uncertainty) and maisir (gambling).
4. How do Islamic banks reward their depositors …