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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 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: ...
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...
Islamic Banking

Islamic Banking and Finance- Global growth trends. Islamic banking and finance growth has generated considerable interest in the financial ...
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...
Financing in Islamic Banks.

Question: If the Islamic banks do not lend money on interest then what modes of financing can be used for the following: Trade an...
Riba An Nasiyah

Riba An Nasiyah is defiened as excess, which results from predetermined interest(Sood)which is a lender receives over and above the princip...
Cheque

Cheque: In history, Muslims were known to be traders, traveling the world, dealing with people of all races and faiths...
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...
Toothbrush

Miswak, the first toothbrush in history, was known before Islam, but added a religious aspect to using it. The use of Miswak was popula...

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