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Muamalat (also muʿāmalāt, Arabic: معاملات, literally "transactions" [1] or "dealings") [2] is a part of Islamic jurisprudence, or fiqh. Sources agree that muamalat includes Islamic "rulings governing commercial transactions" [ 3 ] and Majallah al-Ahkam al-Adliyyah). [ 4 ] [
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Bank Muamalat Malaysia Berhad, the second full-fledged Islamic bank to be established in Malaysia after Bank Islam Malaysia Berhad, is poised to play its role in providing Islamic banking products and services to Malaysians, without regard to race or religious beliefs.
Bank Muamalat Indonesia (BMI), commonly called as Bank Muamalat, is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Government of Indonesia . [ 1 ]
By the 21st century this Islamic Banking movement had created "institutions of interest-free financial enterprises across the world". [32] Loans are permitted in Islam if the interest that is paid is linked to the profit or loss obtained by the investment. The concept of profit acts as a symbol in Islam as equal sharing of profits, losses, and ...
Logo displayed by all institutions providing Islamic banking in Malaysia. Islamic banking in Malaysia began in September 1963 when Perbadanan Wang Simpanan Bakal-Bakal Haji (PWSBH) was established.
Other sources (noted Islamist author Abul A'la Maududi [5] and others) [6] give a broader definition of ibadah, including keeping speech free “from filth, falsehood, malice, abuse”, and dishonesty, obeying Shariah law in “commercial and economic affairs” and in “dealings with your parents, relatives, friends”, and everyone else.
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