Islamic fund Faq’s

Islamic banking are similar to the standards of Sharia. A switch basis is the fact it operates in the place of desire, that is not permitted in Islam, since money in itself isn’t considered to be a product at which you might finances.

The latest Islamic bank system spends real trading things supported with real possessions. Thus Islamic finance companies, instance Al Rayan Bank, do not conduct business except if he’s a secured item to allow the transaction to get achieved.

How can we make it easier to?

Islamic banking institutions are also maybe not permitted to fool around with economic tool one are based on speculation, which introduce a top part of risk in order to a bank, as well as the possessions and you can deposits of the consumers. By using that it asset-recognized approach, Al Rayan Bank, and Islamic financial as a whole, is not confronted with an identical risks because conventional financial institutions. Therefore brand new Islamic fund industry became an enthusiastic moral and you may sturdy alternative to old-fashioned financial following present financial drama.

Al Rayan Lender offers defense and balance so you’re able to its people because it is element of a more impressive Islamic bank titled Masraf Al Rayan (MAR). Thus giving Al Rayan Lender economic stability plus accessibility so you can possibilities and you will training to keep developing their range of Sharia compliant shopping lending products.

Also, once the good United kingdom financial, Al Rayan Lender was authorised by the Prudential Controlled Authority (PRA) and you may controlled from the Economic Conduct Authority while the PRA, meaning that it will see the British banking laws. (더 보기…)