Banking

October 10, 2018

Home Financing

There are four major players in the US for Sharia Compliant Financing. Riba free or interest free does not mean there is no cost to borrowing. […]
June 30, 2018

Conversion to Islamic Banking

The banks converting from conventional to Islamic banking can continue to have demand and time deposits with different maturities. The main difference is that no interest […]
June 1, 2018

Formation of an Islamic Bank

Islamic banking provides financial services to both Muslims and non-Muslims. In that sense, it is similar to a conventional bank and requires meticulous studies of banking […]
May 20, 2018

Financial Statements of Islamic Banks

The following are the accounting definitions in a general conceptual framework of an Islamic bank’s financial statements. Assets An asset is defined as having possession of […]
May 15, 2018

Acconting and Audit for Islamic Banks

Conventional accounting provides information related to financial position, operations, and cash flows about an entity to allow interested parties to make informed decisions about the entity. […]
May 5, 2018

Function of Shariah Board

Shari’ah Boards perform the all-important role of reviewing, approving, and overseeing the services and transaction of an Islamic bank. The boards consist of recognized scholars who […]
May 1, 2018

Corporate Governance and Regulation

A functioning economy requires a stable and reliable banking and financial services sector. Banks cannot be relegated to a totally laissez-faire market where all transactions are […]
February 20, 2018

Cooperation between Conventional and Islamic Banks

Central banks are important building block of the financial economy of a country or a group of countries. They are responsible for managing the money supply, […]
February 20, 2018

Fees Charged by Islamic Banks

fees charged by Islamic banks Islamic banks cannot deal in interest yet they are for profit institutions and have to remain competitive against their conventional counterparts. […]