• Ijarah
    Qu’ran and Sunnah. There are clear distinctions between Islamic finance and ‘conventional’ finance (Qureshi and Millet, 1999). These differences are derived from three main prohibitions by the Shari’ah Islami’ah. The first prohibition is against riba’ (usury) that is intended to prevent exploitation and...
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  • Risk in Banks
    Islamic banking, arranging seminars, designing and delivering Islamic banking courses, workshops and various training programmes. • Discounting/factoring of receivables.The difference between the discounted value and par value is Riba and hence it is not allowed. • Buy back agreements, and repos...
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  • Study on the Characteristics of Islamic Finance and Islamic Banking
    and alcohol are also being banned. VIII. C ONCLUSION From these explanations to the characteristics of Islamic finance, we can find that there are several fundamental differences between Islamic banks and conventional banks, which can be summarized as follows: All in all, through what we...
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  • Maqaid Shariah
    in economic development, creation of value added factor, increased exports, less imports, job creation, rehabilitation of the incapacitated and training of capable elements, the gap between the Islamic and conventional banks would be narrower. It is also eluded that IB would strive for a just, fair...
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  • Islamic Finance
    of sharia compliant finance and the most common products will be described in this essay. First, the next paragraph gives a short overview of the Islamic Finance market and the general differences between conventional and sharia compliant banking, valid for all transactions and products described in...
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  • Business Reports
    risk .So how can Islamic banking system can provide loans & advances profitably and survive with their huge interest rate risk in a capitalist economy ? That’s why my topic of the report is to identify the basic differences between the Islamic Banking system with conventional Banking system...
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  • Basics of Islamic Finance by Saeed Jawed Ahmad
    difference between an Islamic finance and a conventional finance transaction lies in the fact that in conventional finance, the financial institution generally lends cash for a length of time, often direct to the client or borrower, of course based on a credit rating or evaluation, on the basis that the...
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  • Strategic Plan for Islamic Banking Industry of Pakistan Table of Contents Acronyms .......
    -qualified personnel has increased particularly in Product Development, Risk Management, and Shariah Compliance/Audit etc. Islamic banks’ personnel must be proficient in conventional banking operations and product structuring and they should be able to explain to customers the differences between...
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  • General Banking of Islami Bank
    comparison between Islamic banking and Conventional banking (apple to apple comparison). This is because they are extremely different in many ways. The key difference is that Islamic Banking is based on Shari’ah foundation. Thus all dealing, transaction, business approach, product feature, investment focus...
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  • The Jahdkkd
    Comparisons of Islamic Banking between Indonesia, Malaysia and Sudan. CountryType of difference | Indonesia | Malaysia | Sudan | Development Phase | 1998-Bank Muamalat was established-tested the financial institution which based on the dividend principle of Baitul Tamwil Salman Bandung...
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  • Customer Satisfaction of Bank
    , friendliness, etc. Even though Islamic banking industry was at first motivated by the sharia compliance, it is now appropriating as a substitute en route for the 118 International Research Journal of Finance and Economics - Issue 94 (2012) conventional banking system. Thus not only religious motives but...
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  • Mr. Kahtin
    countries in which Islamic banks operate: 1. Reporting investment accounts as liabilities. The banks that apply such a treatment justify it on the basis that deposits, in economic reality, are similar to the deposits in conventional banks, which are undoubtedly liabilities. This is consistent with the...
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  • Bieng a Woman
    workings of present day Islamic banks. For this, we would have to look at the differences in ways in which modern capitalist theory views ‘money’ and ‘commodity’ from the principles defined by Islam. According to capitalist theory, there is no difference between money and commodity in so far as...
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  • Islamic Research Prposal
    between 6|Page conventional banking and Islamic banking is suitable for them to follow so as increase their incomes. 1.3 Problem Statement The main features of Islamic banking are the sharing of profit and losses, a prohibition of interest, no speculation or gambling, fair and transparent dealing...
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  • Islamic Banking
    them had only heard of it, but knew nothing of its underlying principles. Therefore, sensitization programs should be organized to promote the services and products of Islamic finance to boost financial inclusion, employment creation and fund mobilization. DIFFERENCES BETWEEN CONVENTIONAL AND...
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  • Why Interest Is Prohibited?
    made by Islamic bank on the basis of Mudharaba, Musharaka and other Trading arrangements. There are huge differences between modern bank loans and these Islamic alternatives. The modern banks never take any business risk through loan arrangements. However, Islamic banks share losses with investors...
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  • Coke and Pepsi Learn to Compete in India
    awareness of Islamic banking but a poor knowledge of specific Islamic banking products, including a poor understanding of the difference between Islamic and conventional banks. They also believed that better consumer education assists in making people more aware of Islamic banking products. Othman...
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  • Self-Interest, Homo Islamicus and
    the idealized Homo islamicus seems to be behaving more like Homo economicus. The distinction between the two constructs is important because often it is used to make the case that Islamic economics is fundamentally different from conventional economics. This claim of distinctiveness is made...
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  • Hisba in Islamic Economics
    , and (iii) insufficiency in focusing on Islamic socio-economic objectives. The following section will elaborate on them. The Contradictions of Conventional Accounting to Islamic Teachings Many studies have indicated that conventional accounting has resulted in a situation, which contradicts the...
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  • Asif Notes
    -being. There are fundamental differences between Islamic banking and conventional banking, not only in the ways they practise their business, but above all the values which guide Islamic banking whole operation and outlook. The values as prevailed within the ambit of Shari[ah are expressed not only...
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