Islamic Bank

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Islamic Bank

A bank that only offers products that conform to the sharia, or Islamic law. For example, deposits in Islamic banks 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 products are in fact sharia-compliant.
References in periodicals archive ?
by ONAThe seminar will discuss various working papers that address the investment opportunities of the Islamic Banks, and Islamic Banking and the local economic development.
The research revealed a distinct closing of the gap in how Islamic Banks are perceived in relation to conventional banks - particularly when it comes to being technologically advanced and innovative, and offering superior customer service.
21 Islamic banking institutions (5 full-fledged Islamic banks and 16 conventional banks having Islamic banking branches) were operating in the country.
For Islamic Banks, there is a critical need for the provision of adequate liquidity tools, an area where the government can play a major role by offering Islamic Banks with instruments to place the excess liquidity of the entire Islamic finance sector at the same rate which is being offered to conventional banks.
However, investments of Islamic banks registered a decline of 0.
Summary: Teething problems of newly established Islamic banks appear to be over
Summary: According to Nitish Bhojnagarwala, Assistant Vice President -- Analyst at Moody's, Islamic banks will continue the trend they started in 2016 in outpacing net profits of conventional banks
Summary: ACCORDING TO ANITISH BHOJNAGARWALA, ASSISTANT VICE PRESIDENT -- ANALYST AT MOODY'S, ISLAMIC BANKS WILL CONTINUE THE TREND THEY STARTED IN 2016 IN OUTPACING NET PROFITS OF CONVENTIONAL BANKS
Islamic banks are totally based on those principles that are allowed in Islam.
The State Bank of Pakistan (SBP) has exempted Islamic banks from using the benchmarks deployed by conventional banks to work out the pricing of their products and instruments.
According to Iraqi central bank data, Islamic banks currently account for 1.
This paper investigates the perceptions of employees in Islamic banks and Islamic branches of conventional banks regarding practices and growth of Islamic banking in Pakistan.

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