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ISLAMIC BANKING

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by

Dilara Kutlu

on 2 July 2014

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Transcript of ISLAMIC BANKING

What is Islamic Banking?
Islamic banking is:

- banking activity that is consistent with the principles of sharia
What is sharia?
sharia :
also known as Islāmī qānūn
means the moral code and religious law of the religion of Islam

ISLAMIC BANKING
Principles of Islamic banking
Riba
"Gharar"
Prohibiton of speculation
uncertainty of risk
high degree of uncertain risk
Maysir and quimar
Prohibition of gambling

Haraam
Requirement of real investment
Money is not able to produce money
Prohibition against the charging of interest

alcohol
pork
pornography
prostitution
No Speculation
Transaction structures
Mudaraba contract
Murabaha
Ijara - Leasing
Video
Thanks for your attention
Full transcript