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t. e. Islamic banking, Islamic finance ( Arabic: مصرفية إسلامية masrifiyya 'islamia ), or Sharia-compliant finance[ 1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit ...
Bank Muamalat Indonesia (BMI) 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] The bank's operations began in 1 May 1992 [1] with foreign exchange ...
Riba (Arabic: ربا ,الربا، الربٰوة, ribā or al-ribā, IPA:) is an Arabic word used in Islamic law and roughly translated as "usury": unjust, exploitative gains made in trade or business.
Bank Rakyat Indonesia (17.25%) Website. bankbsi .co .id. Bank Syariah Indonesia ( lit. 'Sharia Bank of Indonesia', abbreviated as BSI) is a state-owned Islamic bank in Indonesia. The bank was officially founded on 1 February 2021 as a result of merger between state-owned sharia banks. Bank Syariah Indonesia has obtained the merger permit from ...
Dubai Bank PJSC is an Islamic bank based in Dubai, United Arab Emirates (U.A.E). It commenced operations in September 2002 as a conventional bank. However, on 1 January 2007, it converted into sharia-compliant financial institution with a focus on the UAE’s Islamic banking sector.
Foreign exchange bank Bank Lampung: 1 August 1964 Lampung Government Non-foreign exchange bank Bank Maluku Malut: 25 October 1961 Maluku and North Maluku Government Bank Nagari: 12 March 1962 West Sumatra Government Foreign exchange bank Bank NTT: 17 July 1962 East Nusa Tenggara Government Non-foreign exchange bank Bank Papua: 13 April 1966
Sharjah Islamic Bank. Sharjah Islamic Bank, formerly known as the National Bank of Sharjah, is a publicly listed Islamic bank headquartered in the emirate of Sharjah in the United Arab Emirates. [ 2] The bank was established in 1976 and in 2004 converted into a fully Shariah compliant bank. The bank provides Sharia-compliant products and ...
The Central Bank of the Islamic Republic of Iran (CBI; Persian: بانک مرکزی جمهوری اسلامی ايران, romanized: Bank Markazi-ye Jomhuri-ye Eslāmi-ye Irān; SWIFT Code: BMJIIRTH), also known as Bank Markazi, was established under the Iranian Banking and Monetary Act in 1960, it serves as the banker to the Iranian government and has the exclusive right of issuing banknote ...