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Banking without interest

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Published by Islamic Foundation in Leicester, UK .
Written in English

Subjects:

  • Banks and banking,
  • Interest (Islamic law)

Book details:

Edition Notes

StatementMuhammed Nejatullah Siddiqi.
SeriesIslamic economics series ;, 5, Islamic economic series ;, 5.
Classifications
LC ClassificationsHG1588 .S52x 1983
The Physical Object
Pagination192 p. ;
Number of Pages192
ID Numbers
Open LibraryOL2350305M
ISBN 100860371190, 0860371204
LC Control Number86673953

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Banking Without Interest (Islamic Economics) Revised Edition by Muhammad Nejatullah Siddiqi (Author) › Visit Amazon's Muhammad Nejatullah Siddiqi Page. Find all the books, read about the author, and more. See search results for this author. Are you an author? Cited by:   Interest, of course, is pretty fundamental to banking. Stephen Ranzini decided to find out: Is it possible to do what a bank does without charging interest? Music: . Get this from a library! Banking without interest. [Muhammad Nejatullah Siddiqi] -- An English version of the author's original Urdu text: Ghair suÌ„di bank kariÌ„. Includes bibliographical references and indexes. Banking without Interest. UTMS Journal of Economics 8 (2): – great emphasis of its ethical and spiritual values as well as religious dimension with the aim of achieving equality in society, for the benefit of society as a whole. In view of the above, the objectives of Islamic banking are to promote, foster and develop theFile Size: KB.

Additional Physical Format: Online version: Siddiqi, Muhammad Nejatullah, Banking without interest. Lahore, Islamic Publications [] (OCoLC)   With the interest rate risk of the banking book, the Basel Committee on Banking Supervision (BCBS) 1 aims primarily to address the potential loss of economic value of institutions from a change in the interest rates called IRR and Credit Spread Risk (CSR) in the banking book 2. BCBS addresses IRR in the trading book under the Fundamental Review. Perhaps his most widely read book is Banking without interest which was published in 27 editions between and in 3 languages and is held by libraries worldwide. [3] During his long academic career, he has supervised a number of Ph.D. theses in the universities in India, Saudi Arabia and : Gorakhpur, India.   So, for advocates of Islamic banking, Islam forbids all forms of interest - whether simple, compound, real, nominal, variable or fixed. There are however, some Muslims who argue that riba should.

A trading book consists of all instruments that meet the specifications for trading book instruments set out in RBC through RBC All other instruments must be included in the banking book. Instruments comprise financial instruments, foreign exchange (FX), and commodities. A financial instrument is any contract that gives rise to both a.   The precise answer is both complex and involves considerable latitude for opinion. But there are clear cut cases. If a bank does an interest rate swap with a customer, that's trading book. The position will be marked to market daily. If a bank mak. Islamic banking or Islamic finance (Arabic: مصرفية إسلامية ‎) or sharia-compliant finance is banking or financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic of the modes of Islamic banking/finance include Mudarabah (profit-sharing and loss-bearing), Wadiah (safekeeping), Musharaka (joint. Islamic banking, also known as non-interest banking, is a banking system that is based on the principles of Islamic or Sharia law and guided by Islamic economics.