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Islamic Banking

Case for interest-free banking and finance

Case for interest-free banking and finance

As many as 75 countries across the world have adopted the system. The operational term in many cases is not ‘Shariah’ but “interest-free” banking.   By K C Tyagi,   In an open letter addressed to the citizens of the ...

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ISLAMIC BANKING – NATIONAL AND INTERNATIONAL ISSUES

ISLAMIC BANKING – NATIONAL AND INTERNATIONAL ISSUES

By H ABDUR RAQEEB (General Secretary, Indian Centre for Islamic Finance (ICIF) ISLAMIC BANKING has emerged as a viable and possible alternative to conventional banking after the financial Tsunami of 2008 in the west particularly the sub-prime housing mortgage crisis ...

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Conventional banks plan Islamic finance expansion

Conventional banks plan Islamic finance expansion

LONDON – Islamic bond programs from a trio of big conventional banks are set to expand the boundaries of Islamic finance, helping open the market to first-time issuers while testing the banks’ ability to win over industry purists. Since June, ...

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Economics of Islamic Banking for India

Economics of Islamic Banking for India

By Syed Zahid Ahmad With suppressed desire by Indian Muslims to have Islamic Banking in India, and using Interest-free instead of ‘Islamic Banking’ by Raghuram Rajan Committee report on financial sector reforms, it has became more important that before it ...

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Innovations at Islamic Development Bank

Innovations at Islamic Development Bank

JEDDAH — The Islamic Development Bank announced on Thursday the start of a networking platform aimed at connecting the IDB and its member countries as well as institutions working on successful innovation projects and replicate them on a bigger scale. ...

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Opening of Dharavi Branch of Bait-un-Nas’r

Opening of Dharavi Branch of Bait-un-Nas’r

Mumbai: Bait-un-Nas’r is one of the pioneer organizations to provide interest free banking services to the people of Mumbai since 1976 and it has a distinctive identification in the field of interest free banking since then. Due to some unavoidable ...

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