Islamic fund Frequently asked questions
Islamic financial try similar to the prices out of Sharia. A switch basis is that they works in the place of notice, that is not enabled inside Islam, because the currency by itself isn’t considered a commodity from which you could finances.
The newest Islamic bank operating system uses actual change points supported with genuine possessions. This means that Islamic banking companies, like Al Rayan Lender, don’t conduct business until they have an asset to allow your order as carried out.
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Islamic banks are perhaps not permitted to explore financial products one to are derived from speculation, which present a high part of chance so you can a lender, and also the possessions and you can deposits of the consumers. By using which advantage-backed means, Al Rayan Bank, and you will Islamic banking as a whole, isn’t confronted with an identical risks as traditional banks. Due to this fact the Islamic loans industry proved to be an ethical and you may resilient replacement conventional financial following the recent economic crisis.
Al Rayan Lender also provides security and you can balance to help you its consumers since it is part of a more impressive Islamic financial called Masraf Al Rayan (MAR). Thus giving Al Rayan Financial economic balances as well as availability to assistance and you can education to carry on developing the a number of Sharia compliant retail financial products. (more…)