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What is Islamic Banking System? Shariah Banking - Halal Banking - Muslim Banking | AIMS UK
Free Lecture on What is Islamic Banking? and for more lectures: https://aims.education/study-online/what-is-islamic-banking-and-finance/
Islamic banking is a system of banking that is based on the principles of Islamic law (sharia). Sharia prohibits the charging of interest, which is known as riba. Instead, Islamic banks offer products that comply with sharia and seek to promote economic justice. Some of the key features of Islamic banking include profit-sharing, risk-sharing, and asset-backed financing. In recent years, there has been a growing interest in Islamic banking around the world, with many conventional banks now offering Islamic products. However, some critics argue that Islamic banking does not actually follow sharia principles and that it is simply a way to attract Muslim cust...
published: 29 Apr 2020
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How Islamic Bank Work (English)
published: 27 Sep 2018
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Islamic Banking: An Ethical Alternative? | ENDEVR Documentary
IIslamic Banking: An Ethical Alternative? | Islamic Economics Part 2 | ENDEVR Documentary from 2011
Inside Saudi Arabia: https://youtube.com/playlist?list=PLaevADMuI9-EHdzNZunPQqV6-DIO0mU9_
The world’s highest concentration of Muslims is in Southeast Asia. Indonesia alone has 240 million believers, making it the most populous Islamic country in the world. The southeast Asian version of Islam is far more liberal than its counterpart in the Arab states, and as such it seems to play a smaller role in daily life, but it is here that this religionbased Islamic Banking concept is showing its most robust growth – figures that Western banks could only dream of. The basics of the system forbid interest charges, require that money only be invested in tangible goods, and proscribe dealings in indus...
published: 08 Mar 2023
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Difference between Islamic Banking and Conventional Banking - Islamic VS Contional Banking | AIMS UK
Free Lectures on Islamic Banking VS Conventional Banking and for more Lectures: https://aims.education/study-online/difference-between-islamic-banking-and-conventional-banking-system/
Islamic banking is a banking system that is based on the principles of Islamic law (Sharia). It is a rapidly growing industry in many Muslim-majority countries, as well as in Western countries with large Muslim populations. In contrast to conventional banking, Islamic banking is characterized by a prohibition on the charging of interest (riba), as well as a focus on risk-sharing rather than debt-based financing.
This means that Islamic banks typically offer products and services that are structured differently from those offered by conventional banks. Islamic banks promote ethical and responsible banking prac...
published: 12 Mar 2021
-
Why $2 Trillion Is Kept In Banks That Can't Give Interest
The first 1000 people to use this link will get a free trial of Skillshare Premium Membership: https://skl.sh/halfasinteresting05211
Get a Half as Interesting t-shirt: https://standard.tv/collections/half-as-interesting
Suggest a video and get a free t-shirt if we use it: http://halfasinteresting.com/suggest
Follow Sam from Half as Interesting on Instagram: http://Instagram.com/Sam.From.Wendover
Follow Half as Interesting on Twitter: http://twitter.com/halfinteresting
Discuss this video on Reddit: http://www.Reddit.com/r/halfasinteresting
Video written by Adam Chase
Check out my other channel: http://youtube.com/wendoverproductions
published: 06 May 2021
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Introduction to Islamic Finance - Everything You NEED to Know!
Islamic finance can have so much conflicting information that we never get to understand "what is Islamic finance?". In reality, Islamic finance is a very simple way of finance which controls risk, unsocial activities and make sure society is being run in an efficient manner. I explore; is FX trading halal, what is an Islamic mortgage and is investing in Apple halal.
This is a growing market with ever increasing jobs to be a part of and with it also being a part of the CFA, ACA and ACCA curriculum is being recognised as a must to learn due to its every increasing usage.
**Time stamps in comments**
💰Islamic Investing: www.https://wahedinvest.com/
Referral code: shakha87 - receive £10 when opening an account.
CAPITAL AT RISK - Always do your own research when it comes to investing....
published: 29 May 2022
-
Is not the Service Charges of Islamic Bank also Interest? — Dr Zakir Naik
Is not the Service Charges of Islamic Bank also Interest? — Dr Zakir Naik
SKLIQA-14
Questioner: Assalamu Alaikum. My name is Fahad, I work as a computer programmer…. my question is related to Islamic banking. What is meant when certain Islamic bank says that they’re gonna offer a loan and X% APR, is that not interest, is that not interest?
Dr. Zakir Naik: Brother asked a question that, he wants to know about Islamic banking, Islamic Bank offers loan and they add a X%, they call it service charge, whatever it is, is it not interest? See basically interest is haraam in Islam there are no less than 8 different places in Allah says interest is Haraam. Allah clearly says in
Surah Baqarah ch. no. 2 verse no. 278 to 279 that
“If you give up not your demands for interest take a notice of a...
published: 07 Feb 2021
-
Crash Course In Islamic Banking
Learn the basics of Islamic banking in Malaysia.
The Islamic banking industry caters to the needs of over 19.5 million Muslims in our country. How do their financial products work in accordance to Islam? What are the differences compared to traditional banking?
Let us explain.
--------------------------
- Compare and apply for financial products: http://bit.ly/2mHF6uB
- Get more personal finance tips: https://ringgitplus.com/en/blog/
- Watch more videos like this: https://www.youtube.com/user/AskRinggitPlus
- Stay updated with the latest financial news: https://www.facebook.com/ringgitplus
- Learn bite-sized tips: https://www.instagram.com/ringgitplus/
- Tell us your ideas and opinions: https://twitter.com/RinggitPlus
published: 26 Sep 2019
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Islamic banking as an ethical alternative | Made in Germany
Ugurlu Soylu, a bank manager of Turkish descent who lives in Germany, wants to launch an Islamic bank there. But he does not see it as a niche product solely for Muslim customers. He believes that the banking and financial crisis have spurred demand for a bank in which the investment model is based on goods and services with real commercial value.
Report by Christian Uhlig.
published: 07 Nov 2012
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How does an islamic bank loan work?
Need One to One live Counseling with Sheikh Assim?:
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published: 15 Jun 2012
4:32
What is Islamic Banking System? Shariah Banking - Halal Banking - Muslim Banking | AIMS UK
Free Lecture on What is Islamic Banking? and for more lectures: https://aims.education/study-online/what-is-islamic-banking-and-finance/
Islamic banking is a sy...
Free Lecture on What is Islamic Banking? and for more lectures: https://aims.education/study-online/what-is-islamic-banking-and-finance/
Islamic banking is a system of banking that is based on the principles of Islamic law (sharia). Sharia prohibits the charging of interest, which is known as riba. Instead, Islamic banks offer products that comply with sharia and seek to promote economic justice. Some of the key features of Islamic banking include profit-sharing, risk-sharing, and asset-backed financing. In recent years, there has been a growing interest in Islamic banking around the world, with many conventional banks now offering Islamic products. However, some critics argue that Islamic banking does not actually follow sharia principles and that it is simply a way to attract Muslim customers. Nonetheless, there is no doubt that Islamic banking is a rapidly-growing industry with immense potential.
#IslamicBanking #islamicfinance #WhatIsIslamicBanking #IslamicBankingSystem
Institute of Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-institute/
Certified Islamic Banker (CIB)
https://aims.education/islamic-banking-certification-courses/
Certified Islamic Finance Expert (CIFE)
https://aims.education/islamic-finance-certification-courses/
Master Diploma in Islamic Finance (MDIF)
https://aims.education/diploma-in-islamic-banking-and-finance/
MBA in Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-mba-masters-degree/
PhD Islamic Finance
https://aims.education/phd-islamic-finance-and-banking/
https://wn.com/What_Is_Islamic_Banking_System_Shariah_Banking_Halal_Banking_Muslim_Banking_|_Aims_UK
Free Lecture on What is Islamic Banking? and for more lectures: https://aims.education/study-online/what-is-islamic-banking-and-finance/
Islamic banking is a system of banking that is based on the principles of Islamic law (sharia). Sharia prohibits the charging of interest, which is known as riba. Instead, Islamic banks offer products that comply with sharia and seek to promote economic justice. Some of the key features of Islamic banking include profit-sharing, risk-sharing, and asset-backed financing. In recent years, there has been a growing interest in Islamic banking around the world, with many conventional banks now offering Islamic products. However, some critics argue that Islamic banking does not actually follow sharia principles and that it is simply a way to attract Muslim customers. Nonetheless, there is no doubt that Islamic banking is a rapidly-growing industry with immense potential.
#IslamicBanking #islamicfinance #WhatIsIslamicBanking #IslamicBankingSystem
Institute of Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-institute/
Certified Islamic Banker (CIB)
https://aims.education/islamic-banking-certification-courses/
Certified Islamic Finance Expert (CIFE)
https://aims.education/islamic-finance-certification-courses/
Master Diploma in Islamic Finance (MDIF)
https://aims.education/diploma-in-islamic-banking-and-finance/
MBA in Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-mba-masters-degree/
PhD Islamic Finance
https://aims.education/phd-islamic-finance-and-banking/
- published: 29 Apr 2020
- views: 173986
50:42
Islamic Banking: An Ethical Alternative? | ENDEVR Documentary
IIslamic Banking: An Ethical Alternative? | Islamic Economics Part 2 | ENDEVR Documentary from 2011
Inside Saudi Arabia: https://youtube.com/playlist?list=PLae...
IIslamic Banking: An Ethical Alternative? | Islamic Economics Part 2 | ENDEVR Documentary from 2011
Inside Saudi Arabia: https://youtube.com/playlist?list=PLaevADMuI9-EHdzNZunPQqV6-DIO0mU9_
The world’s highest concentration of Muslims is in Southeast Asia. Indonesia alone has 240 million believers, making it the most populous Islamic country in the world. The southeast Asian version of Islam is far more liberal than its counterpart in the Arab states, and as such it seems to play a smaller role in daily life, but it is here that this religionbased Islamic Banking concept is showing its most robust growth – figures that Western banks could only dream of. The basics of the system forbid interest charges, require that money only be invested in tangible goods, and proscribe dealings in industries related to pork products, weapons, gambling or pornography.
Another leading role in the overall scheme of things is the belief that a life lived strictly according to the rules of the religion will ultimately help the faithful to a more fulfilled life beyond this earth. “Why wouldn’t I choose an Islamic bank when the infrastructure, the costs, and all of the services are as good as any conventional bank?” is what the modern Muslim will undoubtedly ask. Women taking leading positions at banks, many of them scholars of law or even university professors, are as self-evident nowadays as the Islamic concept of welfare - support of the disadvantaged in the form of interest-free loans, not handouts.
This documentary introduces you to the people who are shaping Asia’s booming economies as well as the ones who are skeptical of Islamic Banking. Is a return to an investment model consisting of goats and gold, as Iqubal Muhaimin suggests, really the solution for avoiding the speculation and catastrophes of our global financial market?
▬▬▬▬▬▬▬▬▬
Subscribe ENDEVR for free: https://bit.ly/3e9YRRG
Facebook: https://bit.ly/2QfRxbG
Instagram: https://www.instagram.com/endevrdocs/
▬▬▬▬▬▬▬▬▬
#FreeDocumentary #ENDEVR #islamiceconomics
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ENDEVR explains the world we live in through high-class documentaries, special investigations, explainers videos and animations. We cover topics related to business, economics, geopolitics, social issues and everything in between that we think are interesting.
https://wn.com/Islamic_Banking_An_Ethical_Alternative_|_Endevr_Documentary
IIslamic Banking: An Ethical Alternative? | Islamic Economics Part 2 | ENDEVR Documentary from 2011
Inside Saudi Arabia: https://youtube.com/playlist?list=PLaevADMuI9-EHdzNZunPQqV6-DIO0mU9_
The world’s highest concentration of Muslims is in Southeast Asia. Indonesia alone has 240 million believers, making it the most populous Islamic country in the world. The southeast Asian version of Islam is far more liberal than its counterpart in the Arab states, and as such it seems to play a smaller role in daily life, but it is here that this religionbased Islamic Banking concept is showing its most robust growth – figures that Western banks could only dream of. The basics of the system forbid interest charges, require that money only be invested in tangible goods, and proscribe dealings in industries related to pork products, weapons, gambling or pornography.
Another leading role in the overall scheme of things is the belief that a life lived strictly according to the rules of the religion will ultimately help the faithful to a more fulfilled life beyond this earth. “Why wouldn’t I choose an Islamic bank when the infrastructure, the costs, and all of the services are as good as any conventional bank?” is what the modern Muslim will undoubtedly ask. Women taking leading positions at banks, many of them scholars of law or even university professors, are as self-evident nowadays as the Islamic concept of welfare - support of the disadvantaged in the form of interest-free loans, not handouts.
This documentary introduces you to the people who are shaping Asia’s booming economies as well as the ones who are skeptical of Islamic Banking. Is a return to an investment model consisting of goats and gold, as Iqubal Muhaimin suggests, really the solution for avoiding the speculation and catastrophes of our global financial market?
▬▬▬▬▬▬▬▬▬
Subscribe ENDEVR for free: https://bit.ly/3e9YRRG
Facebook: https://bit.ly/2QfRxbG
Instagram: https://www.instagram.com/endevrdocs/
▬▬▬▬▬▬▬▬▬
#FreeDocumentary #ENDEVR #islamiceconomics
▬▬▬▬▬▬▬▬▬
ENDEVR explains the world we live in through high-class documentaries, special investigations, explainers videos and animations. We cover topics related to business, economics, geopolitics, social issues and everything in between that we think are interesting.
- published: 08 Mar 2023
- views: 29036
6:04
Difference between Islamic Banking and Conventional Banking - Islamic VS Contional Banking | AIMS UK
Free Lectures on Islamic Banking VS Conventional Banking and for more Lectures: https://aims.education/study-online/difference-between-islamic-banking-and-conve...
Free Lectures on Islamic Banking VS Conventional Banking and for more Lectures: https://aims.education/study-online/difference-between-islamic-banking-and-conventional-banking-system/
Islamic banking is a banking system that is based on the principles of Islamic law (Sharia). It is a rapidly growing industry in many Muslim-majority countries, as well as in Western countries with large Muslim populations. In contrast to conventional banking, Islamic banking is characterized by a prohibition on the charging of interest (riba), as well as a focus on risk-sharing rather than debt-based financing.
This means that Islamic banks typically offer products and services that are structured differently from those offered by conventional banks. Islamic banks promote ethical and responsible banking practices. They avoid investments in certain industries, such as alcohol or gambling, and they seek to promote social and environmental causes. Also, Islamic banks typically place a strong emphasis on community involvement and development. The major difference between Islamic banking and conventional are explained in this video.
#IslamicBankingVSConventionalBanking #ConventionalBanking #differencebetweenIslamicbankingandconventionalbanking
Institute of Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-institute/
Certified Islamic Banker (CIB)
https://aims.education/islamic-banking-certification-courses/
Certified Islamic Finance Expert (CIFE)
https://aims.education/islamic-finance-certification-courses/
Master Diploma in Islamic Finance (MDIF)
https://aims.education/diploma-in-islamic-banking-and-finance/
MBA in Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-mba-masters-degree/
PhD Islamic Finance
https://aims.education/phd-islamic-finance-and-banking/
https://wn.com/Difference_Between_Islamic_Banking_And_Conventional_Banking_Islamic_Vs_Contional_Banking_|_Aims_UK
Free Lectures on Islamic Banking VS Conventional Banking and for more Lectures: https://aims.education/study-online/difference-between-islamic-banking-and-conventional-banking-system/
Islamic banking is a banking system that is based on the principles of Islamic law (Sharia). It is a rapidly growing industry in many Muslim-majority countries, as well as in Western countries with large Muslim populations. In contrast to conventional banking, Islamic banking is characterized by a prohibition on the charging of interest (riba), as well as a focus on risk-sharing rather than debt-based financing.
This means that Islamic banks typically offer products and services that are structured differently from those offered by conventional banks. Islamic banks promote ethical and responsible banking practices. They avoid investments in certain industries, such as alcohol or gambling, and they seek to promote social and environmental causes. Also, Islamic banks typically place a strong emphasis on community involvement and development. The major difference between Islamic banking and conventional are explained in this video.
#IslamicBankingVSConventionalBanking #ConventionalBanking #differencebetweenIslamicbankingandconventionalbanking
Institute of Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-institute/
Certified Islamic Banker (CIB)
https://aims.education/islamic-banking-certification-courses/
Certified Islamic Finance Expert (CIFE)
https://aims.education/islamic-finance-certification-courses/
Master Diploma in Islamic Finance (MDIF)
https://aims.education/diploma-in-islamic-banking-and-finance/
MBA in Islamic Banking and Finance
https://aims.education/islamic-banking-and-finance-mba-masters-degree/
PhD Islamic Finance
https://aims.education/phd-islamic-finance-and-banking/
- published: 12 Mar 2021
- views: 54362
6:24
Why $2 Trillion Is Kept In Banks That Can't Give Interest
The first 1000 people to use this link will get a free trial of Skillshare Premium Membership: https://skl.sh/halfasinteresting05211
Get a Half as Interesting ...
The first 1000 people to use this link will get a free trial of Skillshare Premium Membership: https://skl.sh/halfasinteresting05211
Get a Half as Interesting t-shirt: https://standard.tv/collections/half-as-interesting
Suggest a video and get a free t-shirt if we use it: http://halfasinteresting.com/suggest
Follow Sam from Half as Interesting on Instagram: http://Instagram.com/Sam.From.Wendover
Follow Half as Interesting on Twitter: http://twitter.com/halfinteresting
Discuss this video on Reddit: http://www.Reddit.com/r/halfasinteresting
Video written by Adam Chase
Check out my other channel: http://youtube.com/wendoverproductions
https://wn.com/Why_2_Trillion_Is_Kept_In_Banks_That_Can't_Give_Interest
The first 1000 people to use this link will get a free trial of Skillshare Premium Membership: https://skl.sh/halfasinteresting05211
Get a Half as Interesting t-shirt: https://standard.tv/collections/half-as-interesting
Suggest a video and get a free t-shirt if we use it: http://halfasinteresting.com/suggest
Follow Sam from Half as Interesting on Instagram: http://Instagram.com/Sam.From.Wendover
Follow Half as Interesting on Twitter: http://twitter.com/halfinteresting
Discuss this video on Reddit: http://www.Reddit.com/r/halfasinteresting
Video written by Adam Chase
Check out my other channel: http://youtube.com/wendoverproductions
- published: 06 May 2021
- views: 682342
10:13
Introduction to Islamic Finance - Everything You NEED to Know!
Islamic finance can have so much conflicting information that we never get to understand "what is Islamic finance?". In reality, Islamic finance is a very simpl...
Islamic finance can have so much conflicting information that we never get to understand "what is Islamic finance?". In reality, Islamic finance is a very simple way of finance which controls risk, unsocial activities and make sure society is being run in an efficient manner. I explore; is FX trading halal, what is an Islamic mortgage and is investing in Apple halal.
This is a growing market with ever increasing jobs to be a part of and with it also being a part of the CFA, ACA and ACCA curriculum is being recognised as a must to learn due to its every increasing usage.
**Time stamps in comments**
💰Islamic Investing: www.https://wahedinvest.com/
Referral code: shakha87 - receive £10 when opening an account.
CAPITAL AT RISK - Always do your own research when it comes to investing. I am not a financial advisor and this video is purely for entertainment purposes only. All decisions are your own and decisions are made by you dependent on your personal circumstances.
💻www.thatmuslimlife.com
💼www.linkedin.com/in/thatmuslimlife - connect for career advice, internship news or networking. Drop a message to say hello!
Note: All views are my own and do not represent my past or current employers. The video has been presented by a person qualified in Islamic Finance but always do your own research.
https://wn.com/Introduction_To_Islamic_Finance_Everything_You_Need_To_Know
Islamic finance can have so much conflicting information that we never get to understand "what is Islamic finance?". In reality, Islamic finance is a very simple way of finance which controls risk, unsocial activities and make sure society is being run in an efficient manner. I explore; is FX trading halal, what is an Islamic mortgage and is investing in Apple halal.
This is a growing market with ever increasing jobs to be a part of and with it also being a part of the CFA, ACA and ACCA curriculum is being recognised as a must to learn due to its every increasing usage.
**Time stamps in comments**
💰Islamic Investing: www.https://wahedinvest.com/
Referral code: shakha87 - receive £10 when opening an account.
CAPITAL AT RISK - Always do your own research when it comes to investing. I am not a financial advisor and this video is purely for entertainment purposes only. All decisions are your own and decisions are made by you dependent on your personal circumstances.
💻www.thatmuslimlife.com
💼www.linkedin.com/in/thatmuslimlife - connect for career advice, internship news or networking. Drop a message to say hello!
Note: All views are my own and do not represent my past or current employers. The video has been presented by a person qualified in Islamic Finance but always do your own research.
- published: 29 May 2022
- views: 34563
3:36
Is not the Service Charges of Islamic Bank also Interest? — Dr Zakir Naik
Is not the Service Charges of Islamic Bank also Interest? — Dr Zakir Naik
SKLIQA-14
Questioner: Assalamu Alaikum. My name is Fahad, I work as a computer progr...
Is not the Service Charges of Islamic Bank also Interest? — Dr Zakir Naik
SKLIQA-14
Questioner: Assalamu Alaikum. My name is Fahad, I work as a computer programmer…. my question is related to Islamic banking. What is meant when certain Islamic bank says that they’re gonna offer a loan and X% APR, is that not interest, is that not interest?
Dr. Zakir Naik: Brother asked a question that, he wants to know about Islamic banking, Islamic Bank offers loan and they add a X%, they call it service charge, whatever it is, is it not interest? See basically interest is haraam in Islam there are no less than 8 different places in Allah says interest is Haraam. Allah clearly says in
Surah Baqarah ch. no. 2 verse no. 278 to 279 that
“If you give up not your demands for interest take a notice of a war from Allah and His Rasool”
So interest is Haraam. Now as far as Islamic Banking is concerned as you mentioned many Islamic Banks which give loan, point to be noted that most of the Islamic banks that are there, I don’t know of any Islamic bank which is 100% Islamic. I don’t know, may be, I don’t know.
In fact one of my interest is Islamic Banking but there are many which are MashaAllah quite a lot Islamic. There are many which are frauds also, fine, only namesake Islamic. What we have to note that we as layman if we can check up, check up, if you analyze there is Islamic system of Musharika, profit and loss sharing which is the best, safest. Musharika means you become a partner in it. Now other aspects are there, Mudariba is there i.e. cost plus. In cost plus many a times people falter and many a times its nothing but catching the nose long cut, you know. Aisa nose pakadne ka. You say it is nothing but trying to make a gimmick so we have to analyze and many Fatwas are given on this is allowed, that is allowed which many, which I don’t agree with also.
So when an Islamic bank comes we have to scrutinize, who is on the Shariah board, just by name please don’t go that’s not important what they do etc. so many of the Islamic banks, I wouldn’t call then Islamic, there may be a very small percentage Islamic. Now in the Islamic bank most of them do Mudariba, in Mudariba there is a problem, cost plus which comes. Sometimes it’s possible, Ijara is there i.e. higher purchaces is there which is Islamic; Musharika is safe, safe means if they are following Islamic principals haan… In other parts we have to check up and what we analyze that most of the banks, they falter and because they compete with the normal conventional bank, they keep the same interest, only name is different. Naam ka farak hai, label is different but it’s the same. So we have to be` careful while taking loan but as a layman. If suppose you think it is Islamic and you take it and if they are doing something wrong out of ignorance you have gone so the blame will come on them, not on you. if you know they are haraam and then you go then the blame will come on you. So it is the owners of the people running Islamic banks to check up whether they are following… What happens there are many fatwas in this and Fatwa shopping is very easy. You know what Fatwa you want, you’ll get. So they go and whether in Egypt or Pakistan or India so they take Fatwa which is convenient for them and then they sanction it. So you have to be careful while Islamic banking is there, not that its not possible… possible, very difficult. There are some banks I know which are MashaAllah good ...
#Service #Charges #Islamic #Bank #also #Interest #Zakir #Naik #Zakirnaik #Drzakirnaik #Fariq #Naik #FariqNaik #FariqZakirNaik #Dr #Drzakirchannel #Allah #Allaah #God #Muslim #Islam #Islaam #Comparative #Religion #ComparativeReligion #Atheism #Atheist #Christianity #Christian #Hinduism #Hindu #Buddhism #Buddhist #Judaism #Jew #Sikhism #Sikh #Jainism #Jain #Lecture #Question #Answer #QuestionsandAnswer #Logic #Reason #Science #Misconception #Misunderstanding #PeaceTV #Dawah #Muhammad #Mohammed #Hadeeth #Hadith #Saheeh #Sahih #Man #Woman #Human #Humanity #Problem #Solution #Rights #Media #War #Peace #Similarities #Debate #Lecture #Quran #Quraan #AlQuran #AlQuraan #Bible #Veda #Gita #Geeta #Baghwat #Upanishad #Purana #Terrorism #Terrorist #Universal #Brotherhood #Word #Purpose #Life #Jihad #Jihaad #Jesus #Christ #Jesuschrist #Church #Mosque #Masjid #Perspective #Ask #AskDrZakir #Seeking #Knowledge #Education #NonMuslim #Fundamentalist #Fundamentalism #Symposium #Dialogue #Salaah #Salah #Shariah #Scripture #Ahmed #Deedat #AhmedDeedat #Daee #Missionary #Concept #West #Family #Global #Ramadhaan #Ramadan #Tauheed #Tawheed #Monotheism #Zakaat #Zakat #Zakah #Hajj #Saum #Fasting #Makkah #Mecca #Madinah #India #Malaysia #Ummah #Unity #Importance #Date #Isamophobia #Understand #Deen #Fardh #Fard #Haraam #Haram #Sunnah #Mustahab #Waajib #Wajib #Compulsory #Prohibited #Encouraged #Permissible #Permitted #Prohibited #Sin #Sinful #Heaven #Hell #Hellfire #Jannah #Jahannum #Paradise
https://wn.com/Is_Not_The_Service_Charges_Of_Islamic_Bank_Also_Interest_—_Dr_Zakir_Naik
Is not the Service Charges of Islamic Bank also Interest? — Dr Zakir Naik
SKLIQA-14
Questioner: Assalamu Alaikum. My name is Fahad, I work as a computer programmer…. my question is related to Islamic banking. What is meant when certain Islamic bank says that they’re gonna offer a loan and X% APR, is that not interest, is that not interest?
Dr. Zakir Naik: Brother asked a question that, he wants to know about Islamic banking, Islamic Bank offers loan and they add a X%, they call it service charge, whatever it is, is it not interest? See basically interest is haraam in Islam there are no less than 8 different places in Allah says interest is Haraam. Allah clearly says in
Surah Baqarah ch. no. 2 verse no. 278 to 279 that
“If you give up not your demands for interest take a notice of a war from Allah and His Rasool”
So interest is Haraam. Now as far as Islamic Banking is concerned as you mentioned many Islamic Banks which give loan, point to be noted that most of the Islamic banks that are there, I don’t know of any Islamic bank which is 100% Islamic. I don’t know, may be, I don’t know.
In fact one of my interest is Islamic Banking but there are many which are MashaAllah quite a lot Islamic. There are many which are frauds also, fine, only namesake Islamic. What we have to note that we as layman if we can check up, check up, if you analyze there is Islamic system of Musharika, profit and loss sharing which is the best, safest. Musharika means you become a partner in it. Now other aspects are there, Mudariba is there i.e. cost plus. In cost plus many a times people falter and many a times its nothing but catching the nose long cut, you know. Aisa nose pakadne ka. You say it is nothing but trying to make a gimmick so we have to analyze and many Fatwas are given on this is allowed, that is allowed which many, which I don’t agree with also.
So when an Islamic bank comes we have to scrutinize, who is on the Shariah board, just by name please don’t go that’s not important what they do etc. so many of the Islamic banks, I wouldn’t call then Islamic, there may be a very small percentage Islamic. Now in the Islamic bank most of them do Mudariba, in Mudariba there is a problem, cost plus which comes. Sometimes it’s possible, Ijara is there i.e. higher purchaces is there which is Islamic; Musharika is safe, safe means if they are following Islamic principals haan… In other parts we have to check up and what we analyze that most of the banks, they falter and because they compete with the normal conventional bank, they keep the same interest, only name is different. Naam ka farak hai, label is different but it’s the same. So we have to be` careful while taking loan but as a layman. If suppose you think it is Islamic and you take it and if they are doing something wrong out of ignorance you have gone so the blame will come on them, not on you. if you know they are haraam and then you go then the blame will come on you. So it is the owners of the people running Islamic banks to check up whether they are following… What happens there are many fatwas in this and Fatwa shopping is very easy. You know what Fatwa you want, you’ll get. So they go and whether in Egypt or Pakistan or India so they take Fatwa which is convenient for them and then they sanction it. So you have to be careful while Islamic banking is there, not that its not possible… possible, very difficult. There are some banks I know which are MashaAllah good ...
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- published: 07 Feb 2021
- views: 61937
2:53
Crash Course In Islamic Banking
Learn the basics of Islamic banking in Malaysia.
The Islamic banking industry caters to the needs of over 19.5 million Muslims in our country. How do their fi...
Learn the basics of Islamic banking in Malaysia.
The Islamic banking industry caters to the needs of over 19.5 million Muslims in our country. How do their financial products work in accordance to Islam? What are the differences compared to traditional banking?
Let us explain.
--------------------------
- Compare and apply for financial products: http://bit.ly/2mHF6uB
- Get more personal finance tips: https://ringgitplus.com/en/blog/
- Watch more videos like this: https://www.youtube.com/user/AskRinggitPlus
- Stay updated with the latest financial news: https://www.facebook.com/ringgitplus
- Learn bite-sized tips: https://www.instagram.com/ringgitplus/
- Tell us your ideas and opinions: https://twitter.com/RinggitPlus
https://wn.com/Crash_Course_In_Islamic_Banking
Learn the basics of Islamic banking in Malaysia.
The Islamic banking industry caters to the needs of over 19.5 million Muslims in our country. How do their financial products work in accordance to Islam? What are the differences compared to traditional banking?
Let us explain.
--------------------------
- Compare and apply for financial products: http://bit.ly/2mHF6uB
- Get more personal finance tips: https://ringgitplus.com/en/blog/
- Watch more videos like this: https://www.youtube.com/user/AskRinggitPlus
- Stay updated with the latest financial news: https://www.facebook.com/ringgitplus
- Learn bite-sized tips: https://www.instagram.com/ringgitplus/
- Tell us your ideas and opinions: https://twitter.com/RinggitPlus
- published: 26 Sep 2019
- views: 2225
4:25
Islamic banking as an ethical alternative | Made in Germany
Ugurlu Soylu, a bank manager of Turkish descent who lives in Germany, wants to launch an Islamic bank there. But he does not see it as a niche product solely fo...
Ugurlu Soylu, a bank manager of Turkish descent who lives in Germany, wants to launch an Islamic bank there. But he does not see it as a niche product solely for Muslim customers. He believes that the banking and financial crisis have spurred demand for a bank in which the investment model is based on goods and services with real commercial value.
Report by Christian Uhlig.
https://wn.com/Islamic_Banking_As_An_Ethical_Alternative_|_Made_In_Germany
Ugurlu Soylu, a bank manager of Turkish descent who lives in Germany, wants to launch an Islamic bank there. But he does not see it as a niche product solely for Muslim customers. He believes that the banking and financial crisis have spurred demand for a bank in which the investment model is based on goods and services with real commercial value.
Report by Christian Uhlig.
- published: 07 Nov 2012
- views: 41477
4:01
How does an islamic bank loan work?
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- published: 15 Jun 2012
- views: 102130