What is Islamic Banking? and How Does it Work?
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What is Islamic Banking? and How Does it Work?
Islamic banking, also known as Sharia banking or halal banking, is a financial system that operates under the principles of Islamic law.
Mar 9, 2020
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418 reactions · 30 shares | Istisna & Salam: Forward Financing in Islamic Banking Islamic finance offers forward contracts like Istisna and Salam to facilitate trade and production. Istisna is used for custom-made goods, while Salam allows advance payment for goods delivered at a later date. Both models ensure fair transactions while following shariah principles. #Istisna #Salam #IslamicFinance Learn more at: www.ib.com.pk | Meezan Bank Limited | Facebook
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418 reactions · 30 shares | Istisna & Salam: Forward Financing in Islamic Banking Islamic finance offers forward contracts like Istisna and Salam to facilitate trade and production. Istisna is used for custom-made goods, while Salam allows advance payment for goods delivered at a later date. Both models ensure fair transactions while following shariah principles. #Istisna #Salam #IslamicFinance Learn more at: www.ib.com.pk | Meezan Bank Limited | Facebook
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