we discussed islamic bank and profit and loss sharing .

1. ISLAMIC BANK
DISTIKON GROWEALTH PVT LTD

2. FIVE PRINCIPAL OF ISLAM
KARE TO POSITIIVE
FARZ NHI KARE TO NEGATIVE
KAREN TO POSITIVE
SUNNATE
MUSTAHAB
NHI KARE TO NO NEGATIVE
KARE TO NO NEGATIVE
MUBA NHI KARE TO NO POSITIIVE
KARE TO NO NEGATIVE
MAQRU NHI KARE TO POSITIIVE
KRE TO NEGATIVE
HARAM NHI KARE TO POSITIIVE
OPTIONAL

3. WHAT IS RIBA & ISLAMIC BANK
What is
interest
usury
excess
increase
addition
sood
biyaz

4. ISLAM AND SHARIAH
AQIDAH
FAITH & BELIEF
SHARIAH
PRACTICES & ACTIVITIES
AKHLAQ
MORALITY ETHICS
IBADAT
MAN TO GOD WORSHIP
POLITICAL
ACTIVIES
MUAMALAT
MAN TO MAN ACTIVITIES
ECONOMIC
ACTIVIES
SOCIALACTIVIES
BANKING & FINANCIALACTIVITIES
SIRK BIDATT

5. CLEARLY RIBA MEANS
ANY EXCESS COMPENSATION OVER AND ABOVE THE
PRINCIPAL WITHOUT CONSIDERATION .
IN THE WORDS OF PROPHET ( SAW)
EVERY LOAN THAT DRAWS INTEREST IS RIBA
OR

6. 8 VERSES IN COMPLETE QURAN
RUM -30 :39
AL BAQARAH – 2: 275,276,277
AL BAQARAH – 2:278/279
IMRAN 3:130,131,132

7. AS IT IS IN QURAN MAJEED ABOUT RIBA
WO LOG JAHANNAM JAYENGE JO KAHTE HEN TRADE IS JUST LIKE INTEREST

8. ْ‫م‬َّ‫ل‬ ‫ن‬ِ‫إ‬َ‫ف‬
ِ‫ه‬ِ‫ل‬‫و‬ُ‫س‬َ‫ر‬َ‫و‬ ِ ‫ه‬
‫اَّلل‬ َ‫ن‬ِ‫م‬ ٍ‫ب‬ْ‫ر‬َ‫ح‬ِ‫ب‬ ‫وا‬ُ‫ن‬َ‫ذ‬ْ‫أ‬َ‫ف‬ ‫وا‬ُ‫ل‬َ‫ع‬ْ‫ف‬َ‫ت‬
ۖ
َ
‫ل‬ ْ‫م‬ُ‫ك‬ِ‫ل‬‫ا‬َ‫و‬ْ‫م‬َ‫أ‬ ُ‫وس‬ُ‫ء‬ُ‫ر‬ ْ‫م‬ُ‫ك‬َ‫ل‬َ‫ف‬ ْ‫م‬ُ‫ت‬ْ‫ب‬ُ‫ت‬ ‫ن‬ِ‫إ‬َ‫و‬
َ‫ون‬ُ‫م‬ِ‫ل‬ْ‫ظ‬َ‫ت‬
َ‫ون‬ُ‫م‬َ‫ل‬ْ‫ظ‬ُ‫ت‬ َ
‫ل‬َ‫و‬
-
2:279
ِ‫م‬ َ‫ي‬ِ‫ق‬َ‫ب‬ ‫ا‬َ‫م‬ ‫وا‬ُ‫ر‬َ‫ذ‬َ‫و‬ َ ‫ه‬
‫اَّلل‬ ‫وا‬ُ‫ق‬‫ه‬‫ت‬‫ا‬ ‫وا‬ُ‫ن‬َ‫م‬‫آ‬ َ‫ِين‬‫ذ‬‫ه‬‫ل‬‫ا‬ ‫ا‬َ‫ه‬ُّ‫ي‬َ‫أ‬ ‫ا‬َ‫ي‬
َ‫ين‬ِ‫ن‬ِ‫م‬ْ‫ؤ‬ُّ‫م‬ ‫م‬ُ‫ت‬‫ُن‬‫ك‬ ‫ن‬ِ‫إ‬ ‫ا‬َ‫ب‬ ِ
‫الر‬ َ‫ن‬
-
2:278
O you who have believed, fear Allah and give up what remains [due to you]
of interest, if you should be believers.
and if you do not, then be informed of a war [against you] from Allah and His Messenger.
But if you repent, you may have your principal - [thus] you do no wrong, nor are you
wronged.

9. ONE MORE HADIS 5 TYPES OF PERSON WHO ARE EQUAL
CRIME
1. WHO CHRG INTRST
2. WHO PAY
3. WHO WRITE DOC
2 WITNESS

10. INDIRECTLY MOSTLY PERSON INVOLVE IN SOOD
1. FIRST OFALL OUR COUNTRY INTEREST BASIS ROAD / HOSPITAL / SCHOOL ETC
2. INCOME TAX INTEREST BASIS TDS /VAT / GST / ADVANCE TAX
3. GOVT JOB PF / ESI / ETC
MANY MORE

11. SOME PRESON ENJOY DIRECTLY INTEREST (SOOD)
SAVING ACCOUNT ( 4%)
CURRENT ACCOUNT / CREDIT CARRD
RD / FD / MIS IN MODRN BANK
LIC / HEALTH INSURANCE
INVIDIUAL PROVIDE LOAN TO OTHER PERSON
PENSION ACCOUNT ETC

12. SOME PRESON MANY TYPES OF EXCUSE INTEREST (SOOD)
1 .DARUL HURB ME INTEREST HALAL DARUL HURB , DARUL AMAN , DARUSSALMM
2. JO INTEREST KO MUHAMMDA (SLW) NE HARAM BOLE
HEN
WO YE SOOD NHI HAI
3. HARAM KA HARAM PAISA USE KAR DENA CHAHEA KOI DIKKAT NHI HAI
4. SOOD DENE WALE KI KOI GUNAH NHI HAI SAB GUNAH SOOD LENE WALE KI
5. SALE & PURCHASE & INTEREST ARE SAME BOTH ARE SAME

13. AMERECA REPORT , FORBES
10% PERSON RICHEST 85 % GLOBAL
ASSESTS
1 % PERSON RICHEST 40 % GLOBAL
ASSESTS
50 % PERSON RICHEST LESSTHAN 1 %
GLOBAL ASSESTS
EVEN IN INDIA ONLY 17 INDUSTRY FAMILY
HOLD THE 73%OF TOTAL ASSETS OF
COUNTRY

14. OPPORTUNITY LOCK
POOR SECTION
RICH SECTION
INTEREST BASIS
100% RISK
0% RISK

15. OPPORTUNITY LOCK
POOR SECTION
MIN 100 YRS CONT………
OPPORTUNITY
LOCK
EXCEPTION = KUCH LOG SUCCESS HO JATE HEN

16. Types of interest
1.Riba al nasiyah
(a)Charging interest on the loan lent to an parson.
This category was commonly practiced in the pre
islamic era .
(b) Another common practiced was that a person
may lend another person a sum of to be back on
specified date . If repayment defer then additional
interest on the principal

17. Types of interest
2. RIBA AL FADAL
THIS type of riba involves increase in either of the
two homogenous commodities subject to exchange
and encountered in their hand to hand purchase &
sale as explained.
Additional prohibition = currency note

18. SIX THING IS NOT ALLOWED IN BARTER SYSTEM
according to hadith of the prophet , six things are
susceptible to riba to al –fad
1.gold 2. silver 3. WHEAT

19. SIX THING IS NOT ALLOWED IN BARTER SYSTEM
according to hadith of the prophet , six things are
susceptible to riba to al –fad
4.BARLEY 5. DATES 3. SALTS

20. PROHIBITION OF USURY IN OTHER RELIGIONS ALSO
Christianity
Islam
Judaism

21. WHAT IS GARAR
Gharar is a comprehensive Arabic word , the lexical meanings of which are risk ,
uncertainty , hazard , ignrence , etc
Keeping in view hadith and work of islamic jurists ,
gharar can be practically defined as follows:
The uncertainly that is present in the basic elements of
and the agreement wording , subject matter ,
consideration and the liabilities

22. TYPES GARAR FOR EXAMPLE
GARAR
UNNATURAL OR
REMOVEABLE
NATURAL OR
PART OF LIFE

23. UNNATURAL OR REMOVEABLE
PONDS S FISH SALE HIRE LABOUR BEST RATE / munasib

24. UNNATURAL OR REMOVEABLE
PONDS S FISH SALE HIRE AUTO PARTNERSHIP

25. What is qimar
Qimar means gambling
Technically , it is an aggriment in which
possession of a property is contingent upon the
happening ao an uncertain event .

26. EXAMPLE OF QIMAR
Cricket gambling Mela ring

27. CONCLUSION
Riba , gharar , qimar
is not allowed in
shariah

28. PART 2

29. WHY ISLAMIC BANK
YES
if in society want funds for grow their
business or their need . then yes, bank are
needs and in todays world a trader required
a shariah complint way to fulfill their need
according to divined rule

30. ISLAMIC BANK
Modern bank Islamic bank
C
V
Interest basis
Interest free basis &
profit & loss sharing

31. FOR EXAMPLE
Modern bank Islamic bank
IF LOAN 100000
Interest /10% PA
inte+ prin = 110000
Any how / any rate
If not paid you will have to pay the
compund interest
Rich get more poor more poor
IF LOAN 100000
Not fix
Profit & loss sharing
if 20000 profit then bank keep 10000 and
cust get 10000
If loss 20000 or more then both or only bank as per
pre determind ratio
Both person are flexiable and
comfortable

32. ISLAMIC BANK HAVE MANY SCHEME
WADIYA INFIK (CURRENT ACCOUNT )
MUSHRAKA ( PARTNERSHIP )
MURABAHA ( COST PLUS SALE )
QARD HASSAN ( GOOD LOAN )
MUDARABA ( SALE OF GOODS )

33. THANKS