Which of the following is the principal guideline to be followed in Islamic Banking?
Created: 5 years ago |
Updated: 3 years ago
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Islamic banking or Islamic finance or sharia - compliant finance[1] is banking or financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include Mudarabah (profit - sharing and loss - bearing), Wadiah (safekeeping), Musharaka (joint venture), Murabahah (cost - plus), and Ijara (leasing).
Md Azizur Rahman
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