Islamic banks are based on permissible transactions such as selling, buying, profit sharing, partnerships and other Islamically-acceptable forms of investment.

If these banks are Islamic in name only and they deal with riba and other forbidden transactions, then dealing with them is haram.

Briefly, they are Murabaha and Ijarah. Murabaha is where the bank buys the property at a set price and immediately sells it to the client at a higher price.

Islamic banking is possible and is successfully operating in many places. You may refer to your local mufti who understands the concept of Islamic banking for ...

Islamic banks cannot involve in riba/interest related transactions. They cannot lend money to earn additional amount on it.

Islamic finance is a way of managing money and doing business while adhering to the moral principles of Islam. It covers matters such as saving, investing and ...

Banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics.

Islamic banking, also referred to as Islamic finance or Shariah-compliant finance, refers to finance or banking activities that adhere to Shariah (Islamic law). How Islamic Banking Practices... · History · Example

Islamic banking is a system of conducting banking activities in line with the principles of Shariah while avoiding all the prohibited activities.

Islamic banking is based on the principles of profit and loss sharing, no interest and ethical financial transactions. It is open to Muslims and non-Muslims ...