Islamic Banks

Abstract  Introduction Muslim Banks feed spread, expanding, imposed itself with wide growth and acquire, they bring about resonate after the mind was in the minds of Muslim men, and started to grow and impact other confide deposit financial institutions. Commercial Banks started open branches, deal, and establish with Muslim proceeding that are compatible with formulas such as: Morabaha, Muslim group, participation, and formulas carrying the meat of justice in development and investment. In UAE Islamic Banks have development very quickly, after they deal with ad hoc rules and confront problems.  Method We use in our research the second ship canal which is look and collect data from websites and books.  The meaning of Islamic Banks: A banking system that is ground on the principles of Islamic law (also sleep together Shariah) and guided by Islamic economic. Two basic principles tooshie Islamic banking are the sharing of turn a profit and loss, a nd significantly, the prohibition of the ingathering and payment of interest. Collecting interest is not permitted under Islamic law.

History of Islamic Banks in the UAE The departure between unbroken banks and Islamic banks System interest upon which commercial banks system usurious, ground 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 familiarity and the other forms of investment project fo r bullion, in addition to hush up remitta! nces, and to take advantage of exchange rates and currency exchange. The departure 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 umpteen ways legitimate profit , but this began to these banks in...If you want to pin down a full essay, order it on our website: BestEssayCheap.com

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