Islamic funds Frequently asked questions

Islamic financial was consistent with the prices regarding Sharia. A button factor is the fact they operates without notice, that isn’t enabled during the Islam, since the currency in itself isn’t said to be a commodity at which you can earnings.

Brand new Islamic bank operating system spends real trade items backed that have real property. This is why Islamic finance companies, such as for instance Al Rayan Lender, do not do business unless he has got an asset so that your order to be carried out.

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Islamic banks are also not permitted to fool around with financial tools one to derive from speculation, and therefore expose a leading element of risk to help you a financial, additionally the property and you can places of their people. By using which house-supported means, Al Rayan Financial, and you will Islamic financial overall, is not confronted by the same dangers because antique banking companies. For that reason the fresh Islamic financing community proved to be an ethical and you will long lasting alternative to old-fashioned financial after the previous economic drama.

Al Rayan Lender even offers coverage and you can balances so you’re able to the people because it’s element of a more impressive Islamic bank called Masraf Al Rayan (MAR). This gives Al Rayan Lender financial balance along with supply in order to options and you can training to carry on developing their selection of Sharia compliant merchandising financial products. This is why, Al Rayan Bank’s activities provide consumers the standard regulating user security weiterlesen →