Islamic Banking

About Islamic Banking

"Islamic banks operate in the Middle East, Europe, Asia and Africa. At the threshold of the 21st century, Islamic banks had about US $700 billion in funds under their management"

A few decades ago, modern banking and financial institutions that encompass Islamic values within their principles and practices seemed to be merely a remote dream. Today, however, Islamic banking has become a viable financial approach that attracts an increasing amount of capital investment. As a concept Islamic Banking was developed as a result of the religious prohibition of the payment or receipt of interest.  The fundamental principles of Islamic Banking go back over one thousand four hundred years. They are set out in Shari'a law and are enshrined in the Qur'an, the Hadith and the Sunna. Today, these principles form the basis of the contemporary Islamic Banking range of Islamic financial products & services.

There is no standard way of grouping Islamic Financial Institutions, but in terms of services rendered, today Islamic Financial Institutions can be divided into the following broad categories:

1- Islamic Banks.
2- Islamic Windows.
3- Islamic finance/Investment Banks. 4- Islamic Mortgage companies.
5- Takaful Companies. 6- Mudarabah Companies.
7- Islamic investment funds  


Islamic Banking

 - About Islamic Banking

 - Evolution

 - Principles of Islamic Ban...

 - What is an Islamic Bank

 - Differences from conventi...

Research & Studies (E)

Al Baraka Annual Islamic Econo...


   Al Baraka's Global Network
Jordan Algeria
Indonesia South Africa
Pakistan Sudan
Bahrain Syria
Turkey Lebanon





Saudi Arabia


Useful Links:
Bahrain Bourse
Islamic International Rating A...

Taqseet Education Finance

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