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Islamic Banking how is interest free?

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What is Bai Muajjal?

Bai Muajjal is the Arabic equivalent of " Sale on differed payment basis ". The deferred payment becomes a debt payable by the buy...
What is diffrence between Istisna and Ijarah?

Under Istisna, the manufacturer either uses his own material or he arrange for the material himself whereas under Ijara the material is...
What is Musawamah?

Musawamah is a general and regular kind of sale in which price of the commodity to be traded is bargained between seller and the buyer with...
Islamic banking meant only Muslims?

The teachings of Islam are not confined to Muslims, rather these equally address the non-Muslims due to their universal nature. The basis of...
Eid Mubarak

Assalam-o-Alaikum! Eid Mubarak to All Muslims.
What is Murabaha used for in Islamic Banks?

Murabaha is typically used for to facilitate the short term financing requirements of the customer. The following are the uses of Murabaha: ...
Cheque

Cheque: In history, Muslims were known to be traders, traveling the world, dealing with people of all races and faiths...
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Miswak, the first toothbrush in history, was known before Islam, but added a religious aspect to using it. The use of Miswak was popula...
Coffee

The first record of coffee's discovery is from Yemen when an Arab named Khalid noticed that his animals became livelier eating a c...
Islamic Banking how is interest free?

Q: If banking were to be based on interest-free transactions how would it work in practice? Islamic banks like other banks is an...

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