This ppt include brief summary of Islamic banking.

1. PRESENTED BY
POOJA H R
PRESENTESD TO
MR. SUNDAR B N

2. “
Islamic bank :
Islamic bank are not money lending institutes but they work as a
trading or investment house.
Definition:
Islamic bank is a banking system that is based on the principles of
Islamic law.
Two basic principles behind the Islamic banking:
•The sharing of profit and loss.
•The prohibition of the collection and payment of interest by lenders
and investors.
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3.  Impermissible activities
Uncertainty
gambling
Insurance
Interest
Unethical business etc.......
Permissible activities
Partnership
Sales
Agency
Rent
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4. HOW CAN BANKS FUNCTION WITHOUT TAKING INTEREST?
In Islam the investor should not make an ‘undue’ profit from the hard
work of the others.
But it is permitted to follow a system of reasonable profit and return
from investment where the investor take a risk.
Islamic bank make available accounts which provide profit or loss
instead of interest rates.
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5. 5
ISLAMIC BANK AROUND THE WORLD

6. 6
DIFFERENCES BETWEEN
CONVENTIONAL BANK AND ISLAMIC BANK

7. THANKS!
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