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RAKislamic: Sharia-Compliant Banking by Roqaia Alwan is a document available to read on EtoBox.
What is RAKislamic: Sharia-Compliant Banking about?
Islamic banks aim to make profit within the constraints of Islamic law through profit-sharing projects, trade financing, lease financing and fee-based services. RAKislamic is the Islamic banking window of RAKBANK, launched in 2013 to provide Sharia compliant banking services and products approved by its Fatwa board. It offers salam financing to fund craftsmen and small producers, where payment is made in advance for goods to be delivered later, and takaful insurance to protect families from unforeseen event
- Author
- Roqaia Alwan
- Language
- EN