IslamiCity.org Homepage
Forum Home Forum Home > Religion - Islam > Islamic Finance
  New Posts New Posts RSS Feed - Modern Islamic Banking
  FAQ FAQ  Forum Search   Events   Register Register  Login Login


Modern Islamic Banking

 Post Reply Post Reply
Author
Message
Ohmarski View Drop Down
Starter
Starter
Avatar

Joined: 09 February 2012
Location: Philippines
Status: Offline
Points: 1
Post Options Post Options   Thanks (0) Thanks(0)   Quote Ohmarski Quote  Post ReplyReply Direct Link To This Post Topic: Modern Islamic Banking
    Posted: 09 February 2012 at 1:11am
Islamic Banking to succeed should be a combination of the operation of Islam's Baytul Mal and the Western Banking System, i.e., The Islamic Bank should be financed or funded by Zakat, Sadaqa, and depositors (those who keep their money in the Islamic Bank to be withdrawn sooner or later without interest); then the Islamic Bank should then help the people through lending/loans (without interest). This Islamic Bank should be operated or run by the Government so that all the money of the Islamic Bank is owned by the Government, and the Government is responsible to the Islamic Bank. The projects of the Government would be financed by the Islamic Central Bank. This way, the government is watched by the people closely, and corruption is removed from the government. This is the Islamic Government.

Edited by Ohmarski - 09 February 2012 at 1:12am
Back to Top
Sponsored Links


Back to Top
 Post Reply Post Reply
  Share Topic   

Forum Jump Forum Permissions View Drop Down

Forum Software by Web Wiz Forums® version 11.10
Copyright ©2001-2017 Web Wiz Ltd.