Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

What are three prohibitions of Islamic Banking ?

This question is related to the three basic prohibitions of Islamic Banking, which are fundamentals to Islamic banking and finance

user-image
Question added by Asadullah Soomro , Finance Executive , National Refinery Limited
Date Posted: 2018/02/21
Ashraf E. Mahmoud (PhD)
by Ashraf E. Mahmoud (PhD) , University Lecturer, Freelancer Consultant and Trainer for Int'l Business & Banking TF. , FreeLancer

I do believe that the three main prohibtions of Islamic Banking are:

!- Dealing with Riba.

2- The Pre- Fixed Interest Rate.

3- Interest Bearing Loans and Deposits.

Rbia. Rbia fidl and fixed profit

Asadullah Soomro
by Asadullah Soomro , Finance Executive , National Refinery Limited

Three basic prohibitions that rae are aplleis to every Islamic banking and finance decision are, Riba Free, mayser free  and gharer free 

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.