services and contracts Current Affairs, GK & News
India’s first Islamic bank will open in Kerala by 2010
What is a Islamic Bank? Islamic banking refers to a system of banking or banking activity that is consistent with the principles of Islamic law (Sharia) and its practical application through the development of Islamic economics. Sharia prohibits the payment of interest fees for the lending of money for specific terms, as well as ..
Month: Current Affairs - September, 2009
Topics: Bank • Challenges in Islamic finance • Credit • Economy • Finance • Islamic banking and finance • Islamic economics • Islamic finance products • Islamic finance products, services and contracts • Money • services and contracts • Sharia