Islamic Banking

One of the most important characteristics Islamic financing is that is an asset-backed financing. The conventional / capitalist concept of financing is that the banks and financial institutions deal in money and monetary papers...

Wadiah corresponds to safekeeping, custody, deposit and trust. In Islamic finance, wadiah refers to the deposit of funds or assets by a person with an Islamic bank. In this arrangement, the depositor deposits his...

Islamic finance is a way of doing financial transactions and banking while respecting Islamic law or sharia. Islamic finance hardly existed 30 years ago yet today is a $2.2 trillion industry with hundreds of...

Islamic banking works a little differently than conventional banking, and their savings account do, too. Here's a quick rundown of the major differences between these two bank accounts!

Islamic finance made inroads in Bosnia and Herzegovina (BH) in 2000 when Bosna Bank International (BBI) was established. This was the first and remains the only fully-fledged Islamic bank in Bosnia and the region....

Many confuse facts around conventional and Islamic banking. We've laid them out along with advantages and disadvantages for your future banking convenience. Conventional banking uses interest charged to lenders along with other investments to turn...

Today Islamic finance attracts both Muslims as well as non-Muslims. According to Kuwait Finance House Research (KFHR), Islamic financial assets represent approximately 1% of the global financial market, growing at 10-15 per cent per...

The issue of good corporate governance has received a lot of attention in last several years within both conventional and Islamic financial system – more so after the global financial crisis of 2007-2009. In...

The Global Islamic Finance Forum (GIFF) that took place in October in Kuala Lumpur, Malaysia, demonstrated – once again – the place that Malaysia is occupying in the global Islamic financial world. It also...

Islamic finance is at the crossroads. On one side the global economic crisis provides a golden opportunity for the Islamic finance industry to establish itself better and prosper due to its conservatism towards speculation...