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Rules and Islamic banking concepts
Monday, January 5, 2009

Rules govern investment behavior:

the absence of interest-based (riba) transactions;
the avoidance of economic activities involving speculation;
the discouragement of the production of goods and service which  contradict the value pattern of Islam (haram).

The common Islamic concepts used in Islamic Bank are :

Mudharabah  (profit sharing)
Wadiah (safekeeping)
Musharakah (joint venture)
Murabahah (cost plus)
Ljarah (leasing)

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posted by Unknown @ 7:37 AM  
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