The banking tag has no wiki summary.
3
votes
1answer
76 views
Why is Murabaha not considered Riba?
To take the definition of Murabaha from Wikipedia:
This concept refers to the sale of goods at a price, which includes a profit margin agreed to by both parties. The purchase and selling price, ...
0
votes
0answers
15 views
reserved profit
Can anyone explain me the concept of reserved profit in islamic banking? Also, since riba is prohibited in islamic finance my understanding is Riba wont be used ever for any banking product. Please ...
1
vote
0answers
94 views
Profit rate in islamic banking and interest rate in conventional banking
What is meant by profit rate in islamic banking? Is it similar to interest rate in conventional banking?
11
votes
5answers
5k views
How do Islamic banks make money if interest is prohibited?
I know that Islamic Banking involves the prohibition of interest based loans. But how do Islamic Banks make profit if they charge no interest?
3
votes
1answer
796 views
What is Mudarabah in Islamic Banking? How is this different from traditional banking?
I believe that the Islamic Banking system is pure from impurity of Riba (interest). But some of the Muslims do not see any difference between the Islamic Banking and traditional interest based ...
