Islamic Economics

EXECUTIVE SUMMARY The Banking organisation should, like whole former(a) aspects of the Moslem way of life, be made to change luxuriously to the movement of the major socio-economic goals of Islam. The trunk of rules should also pass to work out the accustomed functions that relate to its experience special field which some other banking systems performs. near of the most heavy goals and function inevitable for an Moslem Banking system are socio-economic justice and equitable distribution of income and wealth as well as the stability in the rank of specie to enable the medium of exchange to be a original unit of account. Conventional banking systems serve different purposes.  Banks quicken in the transfer of resources from those who have excess to those that require excess resources to ramble their various profession activities.  A bank, like whatever business, is in the business to make money. The banks were by and large imprisoned to the capital citi es and the local anesthetic population remained largely unswayed by the banking system.  The local trade community avoided the foreign banks twain for nationalistic as well as religious reasons.

  CHAPTER-01: insane asylum Muslim Banking in the modern world, generally aims to promote and pose the application of Islamic principles, law and traditions to minutes of financial, banking and related business affairs. It is also to promote investment companies to be engaged in such business activities that are acceptable and consistent inwardly the Shariah precept. Islamic banks, by doing so, result safeguard the Islamic communities and societies from activities that are forb! idden in Islam. The Banking system should, like all other aspects of the Islamic way of life, be made to contribute richly to the achievement of the major socio-economic goals of Islam. The system should also continue to perform the usual functions that relate to its own special field which other banking systems performs. Some of the most important goals and function necessary for an...If you want to get a bounteous essay, order it on our website: BestEssayCheap.com

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