Islamic finance Frequently asked questions

Islamic banking try similar to the values out of Sharia. An option factor is that it works versus attract, that’s not enabled when you look at the Islam, given that money itself is not reported to be a commodity where you can profit.

The fresh Islamic bank operating system uses genuine change things supported having actual property. Consequently Islamic banks, including Al Rayan Financial, don’t do business until he has got an asset to allow the transaction getting achieved.

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Islamic banking companies are not allowed to explore financial products that derive from conjecture, which establish a leading part of risk so you’re able to a financial, as well as the assets and you will deposits of their users. By simply following this investment-supported method, Al Rayan Financial, and you may Islamic banking general, isn’t confronted by an equivalent threats because the antique finance companies. (more…)