Islamic banking and global financial market: signs of sustainable growth

Introduction The topic of my present research work is “Islamic Banking and global financial market” and how they are interrelated to lead to the sustainable growth of economic development. Islamic finance is closely related to Islam's vision of economic development, which gives primary importance...

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Difference between Islamic banking and conventional banking

ISLAMIC bankers, caught between scholar and layman,devote much of their time to educating an often skeptical public about the authenticity of their products. Time well spent.The purgative effects of ridding the Islamic financial sector of pretenders (and there are many) at the hands of an educated...

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Strategies for Overcoming Marketing Challenges for Islamic Banking Products

Islamic Banking needs to differentiate their products from the conventional banking products as these products are free from Riba plus the principles on which the Islamic Banking runs is based on Islamic Teachings and Principles. Therefore, these products are to be handled with a little more care than...

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Key Differences of Components Within a Financial Statements of an Islamic Bank

Let us look at the key differences in presentation of financial statements between conventional an Islamic banking.Statement of Financial Position (Balance Sheet)In conventional accounting, the balance sheet has these few components, namely assets, liabilities and owners' equity. In Islamic banking,...

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Nigerian Central Bank Governor Makes Case for Islamic Banking

The Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi has said that Islamic Banking would create an enabling environment for attracting the multi billion dollars global Islamic finance industry to Nigeria.He said in Kaduna at a Ramadan Symposium organized by the Movement for Islamic...

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Risk Analysis Of Islamic & Conventional Banks In Pakistan

Islamic banks are a key source to earn profit without Riba(interest) . According to Islamic law Riba(interest) is prohibited in Islam and in any trading activities. "The funds of the customers are placed in profit sharing investment and also interest is not paid on the customers deposits a/c in Islamic...

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