Mislim Banks

Автор работы: Пользователь скрыл имя, 04 Сентября 2013 в 21:37, доклад

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Islamic banking system is thought to be conquering the world. The U.S., Greece and many other countries have already began to use use the services of Islamic banks. There are also different special services for Muslims in Russian Banks. But nevertheless there is a number of countries, such as Ukraine, where it is forbidden to make loans without interest, and this is an order of the Central Bank. However, Islamic lending organizations are now working in more than 70 countries. Naturally, their main clients are Muslims, that are about a quarter of the world's population.

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Mislim Banks

 

Islamic banking system is thought  to be conquering the world. The U.S., Greece and many other countries have already began to use use the services of Islamic banks. There are also different special services for Muslims in Russian Banks. But nevertheless there is a number of countries, such as Ukraine, where it is forbidden to make loans without interest, and this is an order of the Central Bank. However, Islamic lending organizations are now working in more than 70 countries. Naturally, their main clients are Muslims, that are about a quarter of the world's population.

 

Specificity of work of the Islamic banks is fully explained by the rules of Muslim World. And here are them:

  • It’s forbidden for Muslims to give or take money at interest. According to the the postulates of the Qur'an, it is forbidden to get money without your own labor and your own skills, that are given you by Him, The God, to do your best to make your life better. And of course, you can take or give a loan, for example, but not at interest;
  • The percentage of non-repayment of loans in Islamic banks is close to zero, just because the burden of the debt obligations, according to the Muslims, is associated with judgment day and you will have to answer for it before the God. That’s why Muslims always, under any circumstances, try to repay the debt;
  • As for business, here you can see the investment agreements. If the entrepreneur that gets a loan has a profit - he shares it with the bank, if he suffer losses the bank doesn’t demand the return of the funds at all.
  • If investors suffer losses due to the fault of the bank, for example, because of professional mistakes or abuse, then, after a special investigation, the bank has to bear material responsibility.

So, accumulating customer’s  funds and investing them in different varieties of operations, the Bank absorbs interest and gives it to its shareholders. In this case, the bank's losses are only the size of the possible loss of profits and opportunity costs.

 

 


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