Key Principles of Islamic Banking and Finance - AIMS Education

[@mostafaalayesh2803]

Islam not only focus on success after life, but also in the life * profit and loss sharing, no guaranteed profit * shared risk * prohibition of riba(interest) * prohibition of gharar * prohibition of gambling * no investment in prohibited industries * zakat (pay 2.5% of savings to poors) yearly

[@samiharb1684]

1) Profit and Loss sharing 2) Shared risk 3) Prohibition of Riba 4) Prohibition of Gharar 5) Prohibition of Gambling 6) No investment in Porn/Prostitution/Alcohol/Pork/Drugs 7) Zakat

[@akbermetorozbaeva3047]

Thanks

[@ismailahmed4876]

الحمد لله على نعمه الاسلام🥀🥀❤️

[@bisvizstudio1242]

Tell me a better system than this. You can't. God created us and left us a manual instructions. Everyone who follows it will have success. Everyone who takes way other than it will not have success. Why would we come up with another way if our creator himself has told us the way? Doesn't he knows us better than ourselves?

[@roberthannah7983]

Millions of refugees from the middle east and north africa seem to think the western system is better.

[@wassimwazzan]

Beautiful, thank you

[@muhamadss]

: إِنَّ اللَّهَ وَمَلائِكَتَهُ يُصَلُّونَ عَلَى النَّبِيِّ يَا أَيُّهَا الَّذِينَ آمَنُوا صَلُّوا عَلَيْهِ وَسَلِّمُوا تَسْلِيمًا اللي يجي عام2080 يدعي لنا بالرحمه.

[@riel4064]

Mashaa Allah..

[@Arafathaque1436]

Ma sha Allah

[@HayatbintAhmed]

Thanks a lot it's quite helpful

[@noahriding5780]

What happens to the borrower if they can't pay on an islamic bank based mortgage? How are the penalties different than normal banks?

[@Karim1995N]

Thank you

[@ABDULAZIIZSWIDIQ-bo1pq]

How can I get loan with no interest thanks, because I have been suching this for long as far as Islamic principal are concerned.

[@dattaeswar6086]

insurance products a gambling??in what way

[@mammikirecipe]

Because Insurance companies use the money secured as investments which includes investing in stocks, bonds and others. (They are in two businesses one, selling insurance products and Investments)

[@jdinry93763]

Insurance companies are basically betting that your car for example won't crash, and betting that the the money they would have to spend on such future things will be less than a certain amount, that's called gambling.

[@roberthannah7983]

These commentators do not understand the insurance business. Insurance companies do not bet. They measure the expected loss parameters for various classes of drivers and set premiums to cover that cost and their profit. They are able to pass on the benefits of risk pooling to their customers. I have to laugh when I hear Islamic scholars say insurance is gambling. Gambling is pursued by people who like the thrill of risk - this we call risk preference. Purchasers of insurance do not like risk; their behaviour is the opposite of gambling - risk aversion.

[@jamaalmaxamedcawadmuuse4676]

​@@jdinry93763😂

[@Religion-Geschichte-eh7hm]

@@roberthannah7983 Insurance companies business model is based on gambling. One of the sides wins the money based on chance. this type of transaction is forbidden and that is why any insurance model is forbidden in islam.

[@jameelahmad3847]

Assalamualiakum The Islamic banking principle are narrated true But in present banking system what is watchdog system that's banks are religious following the banking ethics while investing in industry should it be left on their discretion

[@AIMSEducationUK]

Fortunately, many of the Islamic banks are following Shariah Principles. You need to look at the Shriah Committee of the Bank, before you choose one.

[@SerigneSaliouFall]

PROMOTION OF ISLAM FINANCE

[@Religion-Geschichte-eh7hm]

2.5% a year

[@mohammadshaikh4928]

Allah(Sallallahu Wa Ta'ala) so much serious and concerned,about the RIBA. it is a war against to ALLAH (Sallallahu Wa Ta'ala) .and there is no ijma, among the renowned Ulama - e - Karams and the majority of the Islamic Scholars,about the Islamic Finance Housing Mortgage. It is a back door RIBA. which are Presented,with the sweet names of, "Murabaha". " Musharakah". " Mudarabah"...??? If anyone, who doesn't care about the RIBA.??? than he should have to, be prepared for the Consequences in the judgment day. It's not a tea party, it's a extremely horrible day.Astagferullah.

[@Abraham776]

is it musharaka, mudaraba or murabaha a RIBA

[@13thdwarf48]

In London there r prostitute houses in soho that don't move. Prostitution is illegal in England. I'd say it beyond setting an example to the word these lot r pedigree. Shameful. Boycott uk today remember oxfam scandal? Double standards? Boycott uk

[@antimatter333]

Thank you