Islamic Banks

Abstract  Introduction Muslim Banks beget spread, expanding, imposed itself with colossal growth and acquire, they bring about resonate after the stem was in the minds of Muslim men, and started to grow and impact other monument financial institutions. Commercial Banks started open branches, deal, and establish with Muslim transactions that are compatible with formulas such as: Morabaha, Muslim group, participation, and formulas carrying the core of justice in development and investment. In UAE Islamic Banks have development very quickly, after they deal with ad hoc rules and liner problems.  Method We use in our research the second shipway which is look and collect data from websites and books.  The meaning of Islamic Banks: A lingoing system that is ground on the principles of Islamic law (also have a go at it Shariah) and guided by Islamic economic. Two basic principles ass Islamic banking are the sharing of simoleons and loss, and signif icantly, the prohibition of the appealingness and payment of interest. Collecting interest is not permitted under Islamic law.

History of Islamic Banks in the UAE The departure between incessant banks and Islamic banks System interest upon which commercial banks system usurious, found on lending and borrowing with interest, the world lends the customer benefit, and a client who filed the funds in the band lends bank this coin for interest and lending interest rate is usury complex. Islamic banks rely on transactions of buying and selling and speculation, the knowledge and the other forms of investment project for capital, in addition to close up remittances, and to t ake advantage of exchange rates and currency! exchange. The disagreement between a riba based bank and Islamic bank is the interest-based loan and legitimate speculation that client could lose his money; there is no guarantee for the capital, but the gain profit is solver money. The intended that the Islamic Banks in front of umteen ways legitimate profit , but this began to these banks in...If you want to watch a full essay, order it on our website: OrderEssay.net

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