Islamic Banks

Abstract  Introduction Muslim Banks put one across spread, expanding, imposed itself with commodious growth and acquire, they bring about resonate after the head was in the minds of Muslim men, and started to grow and impact other secretary financial institutions. Commercial Banks started open branches, deal, and establish with Muslim minutes that are compatible with formulas such as: Morabaha, Islamic group, participation, and formulas carrying the mean of justice in development and investment. In UAE Islamic Banks have development very quickly, after they deal with ad hoc rules and confront problems.  Method We use in our research the second slipway which is look and collect data from websites and books.  The meaning of Islamic Banks: A sticking system that is ground on the principles of Islamic law (also do it Shariah) and guided by Islamic economic. Two basic principles nominate Islamic banking are the sharing of boodle and loss, and si gnificantly, the prohibition of the entreaty and payment of interest. Collecting interest is not permitted under Islamic law.

History of Islamic Banks in the UAE The departure between firm banks and Islamic banks System interest upon which commercial banks system usurious, establish on lending and borrowing with interest, the world lends the customer benefit, and a client who filed the funds in the band lends bank this interchange for interest and lending interest rate is usury complex. Islamic banks rely on transactions of buying and selling and speculation, the acquaintance and the other forms of investment project for specie, in addition to hush remittances, and to take advantage of exchange rates and curren! cy exchange. The variance between a riba based bank and Islamic bank is the interest-based loan and legitimate speculation that client could lose his money; there is no guarantee for the capital, but the gain profit is solver money. The intended that the Islamic Banks in front of many ways legitimate profit , but this began to these banks in...If you want to border a full essay, order it on our website: OrderEssay.net

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