Module 13 : Islamic Banking Overview, Important Principles, and Benefits

Objectives Definition and overview of Islamic banking History and evolution of Islamic banking principles Types of contracts under Islamic banking Advantages and relevance of Islamic banking 13.1 Introduction Islamic banking has been slowly gaining in popularity all over the world. At the basic level, ‘Islamic banking' means using finance and money for positive, permitted and productive objectives. It has made a transition from being a mere theoretical principle to a ...