Islamic banking Essay Examples

The foundation of Islamic bank is based on the Islamic faith and must stay within the limits of Islamic Law or the Shariah in all of its actions and deeds. The original meaning of the Arabic word Shariah is ‘the way to the source of life’ and is now used to refer to legal system…

Islamic Banking is interest free banking, in which there is no fixed rate of return. Islamic banking is the banking system which is run in accordance with the Islamic laws and the Shari a’ board; that guides the institutions. This Shari a’ board authorizes the products that whether these are Shari a’ compliant or not….

The intention of the study is to identify the benefits which could be drawn in Adoption of Islamic banking by conventional banks and to determine the challenges they are going to face in the adoption. The 60 respondents from various conventional, non-Muslim banks have been chosen through simple random sampling. The result of the survey…

5. 1. 1. Over Restrictive Regulatory Environment The respondents to the question of whether the environment of overly restrictive regulations was a challenge indicated almost without exception that indeed the restrictive aspect was stifling to at least some extent. This indicates that the regulatory environment currently being experienced in the Kuwaiti banks surveyed is in…

Introduction: This report seeks to give an analysis of Islamic Banking and an organisational comparison to a corporate Global banking system/western one whilst identifying key issues and challenges that may arise for the use of such Islamic banking in the United Kingdom. “Islamic banking is a growing sector with its diversity in different segments and…