Concept of Islamic Banking System

Almost every society has its own unique take on banking and the provision of financial services. But what makes Islamic banking such a standout example is the size, the value and the growing importance of this extraordinary sector. The Islamic banking model was developed as a means by which to provide banking and financial activities in strict accordance with Islamic law. Many of the practices of western banks and financial institutions following entirely different rules. Nevertheless, the two industries continue to work more closely together than ever before. In turn, anyone in pursuit of a life-long career in global finance could benefit enormously by studying the basics of Islamic banking.

This exclusive tutorial has been designed for anyone looking to develop a deeper knowledge of the Islamic banking industry. Study a breakdown and explanation of the Islamic banking model, along with a series of related concepts including two-tier mudarabah, Musharakah (partnership) Mudarabah (passive partnership), Bay al-murabahah (sales contract at a profit mark-up) and Ijarah (leasing). Learn how Islamic banking works in a practice and what the Islamic banking model promises, while exploring the stability of the banking system, promotion of growth and so much more.