Article of the Day:Islamic Banking (not a religion but a political – economical ritual)

Article of the Day:
Islamic Banking

Islamic banking is a system of banking that is consistent with Islamic Sharia law. In particular, it prohibits usury—the collection and payment of interest—and investment in businesses considered unlawful. In the late 20th century, a number of Islamic banks were created to cater to the needs of the Muslim banking market. These institutions rely on the common Islamic concepts of profit sharing, safekeeping, joint venture, and leasing. How are these banks able to operate without charging interest? More…:


Leave a Reply: (What... You're shy?)

Please log in using one of these methods to post your comment: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s