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Islamic fund Faqs

Islamic banking are consistent with the beliefs from Sharia. A key grounds is that they works without appeal, that isn’t enabled in Islam, while the money in itself is not said to be an item at which you could earnings.

The brand new Islamic bank system uses actual trade items recognized that have real possessions. Thus Islamic banking institutions, like Al Rayan Bank, don’t conduct business except if they have an asset to allow the order becoming achieved.

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Islamic finance companies are perhaps not allowed to use economic instruments one to derive from speculation, and that introduce a top section of exposure so you can a financial, therefore the assets and you may places of the people. By following which advantage-recognized approach, Al Rayan Lender, and Islamic financial as a whole, is not exposed to a comparable risks due to the fact old-fashioned banks. For this reason the new Islamic funds world became an ethical and you may sturdy replacement for antique banking pursuing the current financial drama.

Al Rayan Bank also offers defense and you will stability so you’re able to the users since it is element of a larger Islamic lender titled Masraf Al Rayan (MAR). This gives Al Rayan Bank economic stability plus availableness to help you expertise and you may studies to continue developing the selection of Sharia agreeable shopping financial products. Continue Reading