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2. Islamic banking and finance - Wikipedia

   en.wikipedia.org/wiki/Islamic_banking_and_finance

   Islamic banking, Islamic finance ( Arabic: مصرفية إسلامية masrifiyya 'islamia ), 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 finance include mudarabah (profit-sharing ...

3. Islamic finance products, services and contracts - Wikipedia

   en.wikipedia.org/wiki/Islamic_finance_products...

   Islamic banks often use "parallel" salam contracts and acting as a middleman. One contract is made with a seller and another with a purchaser to sell the good for a higher price. Examples of banks using these contracts are ADCB Islamic Banking and Dubai Islamic Bank. [113] Basic features and conditions of a proper salam contract

4. Qard al-Hasan - Wikipedia

   en.wikipedia.org/wiki/Qard_al-Hasan

   Qardh al-hasan ( Arabic: قرض الحسن, transl. benevolent lending) is the one which is without a collateral. However some Ulama deem it a form of interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence (ihsan). Al-qardh, from a shari’a point of view, is a non commutative ...

5. Muslims come into the frame in Southeast Asia’s fintech boom

   techcrunch.com/2023/04/27/muslims-come-into-the...

   In Malaysia, Islamic banks will make up 45% of the overall commercial banking loan book by the end of 2025, and in Indonesia, Islamic finance’s market share is expected to grow to 10% by the end ...

6. Bank Islam Malaysia - Wikipedia

   en.wikipedia.org/wiki/Bank_Islam_Malaysia

   Website. www .bankislam .com. Bank Islam Malaysia Berhad ( Jawi: بڠك اسلام مليسيا برحد ‎) is an Islamic bank based in Malaysia that was established in July 1983. [1] Bank Islam was established primarily to assist the financial needs of the country's Muslim population and has extended its services to the broader population.

7. Riba - Wikipedia

   en.wikipedia.org/wiki/Riba

   Most Muslims and most "non-Muslim observers of the Islamic world" believe that interest on loans (also on bonds, bank deposits etc.) is forbidden by Islam. [198] (Such loans—or banks that make them—are sometimes referred to as ribawi, i.e. carrying riba.) [199] [200] [201] This "orthodox" position [Note 32] is fortified by "voluminous and ...