Deposits are strictly not considered as loans in the Islamic sense. If it is in the form of money, then he has an obligation to pay Zakat out of it. If these deposits are indeed loans, then it is the banks which should pay zakat on them. In reality,the banks make the depositors pay the zakat , which is injustice. (Alexandra R, Hardie & M. Rabooy, 1991)
M. Norain, Ariffin, & M Adnan explained the perceptions and awareness among bankers in Islamic banks is essential to enhance corporate social responsibility.
M. Norain, Ariffin, & M Adnan explained that to fulfill the Islamic needs of the society, proper policies have been developed so that there will be no recurring problems in the future relating to the banking system and investment. M. Norain, Ariffin, & M Adnan suggested that Islamic organizations, Islamic banks are accountable to Allah and to the communities in which they operate and have a duty to be transparent in all their activities.
Ethical investment now recently become an issue in the West, and it is very important in the Islamic world and Islamic Banks must work on these principles which fulfill the needs and commitment to the bankers. (Alexandra R. Hardie and M. Rabooy 1991)
a serious question arises that whether Islamic Banks are keeping to the rules about partnerships. In this context some scholars believe that the working partner in mudaraba should not mix the capital of the various suppliers of funds; if this is done then the problem is very serious for the Banks, (Alexandra R. Hardie and M. Rabooy, 1991)
Malaysian banks experience economies and annual productivity change on a big scale. The latter productivity estimates indicate that full-fledged Islamic banks have overcome some of these cost disadvantages with passage of time. Mariani Abdul-Majida, David S. Saalb,* and Giuliana...