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Despite the trend in the Saudi Arabian banking market to convert to full-fledged Islamic Banks, only four among the 12 local licensed banks are considered to be pure Islamic [1] banks: Al-Rajhi Bank Saudi Arabia; Al Jazeera Bank; Al-Bilad Bank; Alinma Bank
Later in his book Introduction to Islamic Finance, he argues that Islamic principles should include "the fulfillment of the needs of the society" giving "preference to the products which may help the common people to raise their standard of living", but that few Islamic banks have followed this path.) [125] Another source (Saleh Abdullah Kamel ...
Maqasid (Arabic: مقاصد, lit. ' goals ' or ' purposes ') or maqāṣid al-sharīʿa (goals or objectives of sharia) is an Islamic legal doctrine.Together with another related classical doctrine, maṣlaḥa (lit.