Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,840,203 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Islamic Banking
(redirected from Wakala)

    Also found in: Wikipedia 0.01 sec.
Islamic Banking
A system of banking that only offers products that conform to the sharia, or Islamic law. For example, in Islamic banking, checking and savings deposits do not accrue interest. They either lie dormant until withdrawal or are invested. Because this involves higher risk than conventional banking services, various highly technical products have been developed to mitigate risk and generally imitate "regular" banks as much as possible while still complying with Islamic law. Considerable debate exists as to whether these Islamic banking products are in fact sharia-compliant.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
The timetable extension will enable those investors, primarily those represented by intermediaries, such as sukuk holders and wakala investors, additional time to consider the standstill agreement.
Investment Dar gets deadline extension by TradeArabia (Manama, Bahrain)
The timetable extension will enable those investors, primarily those represented by intermediaries, such as sukuk holders and wakala investors, additional time to consider the Standstill Agreement.
Kuwait: Investment Dar Restructuring Progress Update by Albawaba.com
For individuals, SIIB's range of products includes financing as well as depository products such as savings, current accounts, time deposits and Wakala deposits i.
Islamic banking in Syria: SIIB launches new products by CPI Financial
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.