ISLAMIC BANKING SYSTEM CONCEPTS & APPLICATIONS

• Main Authors: Sudin Haron 1954- (Author), Shanmugam, Bala (Author)
• Format: Book
• Language: English
• Published: Kuala Lumpur Pelanduk 2001
• Subjects: Banks and banking > Islamic countries; Banks and banking > Religious aspects > Islam
• Online Access: Click Here to View Status and Holdings.
• Physical Description: x, 193 pages 22 cm
• Bibliography: Includes bibliographical references and index
• ISBN: 9679785998

This book dispels the myth that it is bizarre to operate an interest-free system of banking and finance. It shows that interest-free banking i practical and ought to be implemented. It evokes new management thinking to create fresh avenues to stretch money. It eases customers' burden, thus fulfilling the banks' social obligations towards society. Interest-free loans is in line with the revelations in the Quran. So much so that even today established conventional banks have their own Islamic banking department. The International Association of Islamic Banks is working towards standardising all aspects of Islamic banking to facilitate speedy and seamless transactions.