Islamic Banks

Abstract  Introduction Muslim Banks sustain spread, expanding, imposed itself with considerable growth and acquire, they bring about resonate after the conception was in the minds of Muslim men, and started to grow and impact other sediment financial institutions. Commercial Banks started open branches, deal, and establish with Muslim legal proceeding that are compatible with formulas such as: Morabaha, Moslem group, participation, and formulas carrying the essence of justice in development and investment. In UAE Moslem Banks have development very quickly, after they deal with ad hoc rules and cladding problems.  Method We use in our research the second ship canal which is look and collect data from websites and books.  The meaning of Islamic Banks: A lingoing system that is ground on the principles of Islamic law (also lie with Shariah) and guided by Islamic economic. Two basic principles toilet Islamic banking are the sharing of net and lo ss, and significantly, the prohibition of the collecting and payment of interest. Collecting interest is not permitted under Islamic law.

History of Islamic Banks in the UAE The departure between incessant banks and Islamic banks System interest upon which commercial banks system usurious, ground 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 specie for interest and lending interest rate is usury complex. Islamic banks rely on transactions of buying and selling and speculation, the familiarity and the other forms of investment project for funds, in addition to lag remittances, and to take advantage of exchange rates and! currency exchange. The going 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 do a full essay, order it on our website: OrderEssay.net

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