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Understanding Islamic Banking Principles by AlHuda Centre of Islamic Banking \u0026 Economics (CIBE) is a document available to read on EtoBox.
What is Understanding Islamic Banking Principles about?
This document provides an introduction to Islamic banking. It discusses how Islamic banking aims to promote the application of Islamic principles to financial transactions by prohibiting interest and promoting profit-sharing partnerships. The document outlines the general philosophy and history of Islamic banking, explaining that it emerged in the late 1970s and early 1980s to provide an interest-free alternative to conventional banking according to Islamic principles. It defines Islamic banking as a system
- Author
- AlHuda Centre of Islamic Banking \u0026 Economics (CIBE)
- Language
- EN