Results for tag: "Islamic Bank"

Islamic banking is a form of banking that is based on Islamic law (Sharia) and guided by Islamic economics. It follows the principles of Islamic finance, which prohibits the charging of interest on loans and investments. Islamic banking is a growing sector in the banking industry, with many countries offering Islamic banking services. Islamic banks offer a range of services, including savings accounts, current accounts, investment accounts, and mortgages. These services are designed to be compliant with Sharia law, and are often structured as profit-sharing agreements. Islamic banking is becoming increasingly popular in many countries, as it offers an ethical alternative to traditional banking. Islamic banks are also becoming more competitive, offering competitive rates and services to their customers. Islamic banking is also becoming more accessible, with many banks offering online banking services. Some of the major players in the Islamic banking market include Al Rajhi Bank, Dubai Islamic Bank, Abu Dhabi Islamic Bank, Qatar Islamic Bank, and Bank Islam Malaysia. Show Less Read more