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  2. Islamic banking and finance - Wikipedia

    en.wikipedia.org/wiki/Islamic_banking_and_finance

    From the point of view of depositors, "Investment accounts" of Islamic banks – based on profit and loss sharing and asset-backed finance – play a similar role to the "time deposits" of conventional banks. (For example, one Islamic bank – Al Rayan Bank in the United Kingdom – talks about "Fixed Term" deposits or savings accounts). [352]

  3. Islamic finance products, services and contracts - Wikipedia

    en.wikipedia.org/wiki/Islamic_finance_products...

    (The Jordan Islamic Bank uses Amanah (trust) mode for current accounts/demand deposits, the bank may only use the funds in the account at its "own risk and responsibility" and after receiving permission of the account owner.) [184] Sources disagree over the definition of these two contracts.

  4. BankIslami - Wikipedia

    en.wikipedia.org/wiki/BankIslami

    The bank started its operations on 7 April 2006 and began offering shariah-compliant retail banking, investment banking, consumer banking, and trade finance products. In May 2015, KASB Bank was acquired by BankIslami and later its branches were merged into BankIslami. [3] KASB Bank was formerly known as Platinum Commercial Bank. [4]

  5. Bank Islam Brunei Darussalam - Wikipedia

    en.wikipedia.org/wiki/Bank_Islam_Brunei_Darussalam

    Initially founded in 1981 as the Island Development Bank (IDB), the financial organisation had several changes throughout time. On 13 January 1993, it was renamed the Islamic Bank of Brunei (IBB) and relocated to its current multi-million dollar building, [7] while the Development Bank of Brunei (DBB) was established in 1995. Afterwards, DBB ...

  6. Al Rayan Bank UK - Wikipedia

    en.wikipedia.org/wiki/Al_Rayan_Bank_UK

    By August 2004, the FSA granted authorisation of the bank, [8] and subsequently led to the Islamic Bank of Britain becoming available to the public. Giles Cunningham is the current CEO of Al Rayan Bank; he joined the Bank in April 2021. In 2022, the Bank acquired a new headquarters in London's West End, 4 Stratford Place. The Grade II listed ...

  7. Challenges in Islamic finance - Wikipedia

    en.wikipedia.org/wiki/Challenges_in_Islamic_finance

    In a current account the customer earns no return, and (in theory) there is no risk of loss because the bank does not invest the account funds. In a mudarabah account the Islamic bank carries less risk of loan defaults because it shares that risk with the depositor. If the borrower cannot pay back part or all of the money lent to them by the ...

  8. Social Islami Bank - Wikipedia

    en.wikipedia.org/wiki/Social_Islami_Bank

    Social Islami Bank Limited is a Sharia compliant bank in Bangladesh which started operations on 22 November 1995. [5] SIBL was founded by M. A. Mannan, Dr. Hamid Al Gabid, Former Secretary General of O.I.C., Dr. Abdullah Omar Nasseef, and Ahmed M. Salah Jamjoom, Former Commerce Minister, Kingdom of Saudi Arabia.

  9. Bank Islam Malaysia - Wikipedia

    en.wikipedia.org/wiki/Bank_Islam_Malaysia

    Bank Islam Malaysia Berhad (Jawi: بڠك اسلام مليسيا برحد ‎) is an Islamic bank based in Malaysia. It was established in July 1983. [ 1 ] Bank Islam was established primarily to address the financial needs of the country's Muslim population and extended its services to the broader population.