hello people!
Quite a few fellows turn to me about the meaning of islamic banking.
What islamic banking is, is a banking system that is based on the principles of Islamic law (also known Shariah) and guided by Islamic economics. Two basic principles behind Islamic banking are the sharing of profit and loss and, significantly, the prohibition of the collection and payment of interest. Collecting interest is not permitted under Islamic law.
Here's an example of how the Islamic banking system uses methods of profit/loss sharing to facilitate financial transactions: for some types of loans, the borrower only needs to pay back the amount owed to the lender, but the borrower can choose to pay the lender a small amount of money to serve as a gratuity.
Since this system of banking is grounded in Islamic principles, all the undertakings of the banks follow Islamic morals. Therefore, it could be said that financial transactions within Islamic banking are a culturally distinct form of ethical investing (for example, investments involving alcohol, gambling, pork, etc. are prohibited). The Dubai Islamic Bank has the distinction of being the world's first full-fledged Islamic bank, formed in 1975.
The Trade forex from » Forex currency Faq and Fx trading systems Calculator
elucidating a retail foreign exchange firm rating and evaluation concept
(6 posts)-
Posted 1 year ago #
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while studying the current market trends, one'd best pay more mind to trade related tips like the estimation that the Mexican Nuevo Peso is anticipated to steep against the UAE Dirham as it's getting to August the 23rd, and concentrate on secondary sector related news, for instance the fact that the furniture import market are assumed to slow down and cause the Mexican Nuevo Peso rates to decrease.
Posted 1 year ago # -
anybody else?
Posted 1 year ago # -
whatever you do, don't even think of selling MXN till Aug 01, 2009. I read that in all the journals, when the changes in the domestic products prices is going to harm on the MXN-AED rate.
Posted 1 year ago # -
apparently the surmise that the Mexican Nuevo Peso is assessed to freeze against the UAE Dirham for the near future began surfacing around the time that Mexican Nuevo Peso rate will be affected by the fluctuations in the agriculture, and therefore will ascent, if correct, could possibly account for the MXN's inertness.
Posted 1 year ago # -
what lineararturo said
Posted 1 year ago #
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