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Website. bankislami .com .pk. BankIslami Pakistan LTD. ( بینک اسلامی پاکستان لمیٹڈ) is a Pakistani Islamic bank based in Karachi, Pakistan. [2] It has 400+ branches in 150 cities in Pakistan. It is the first Islamic commercial bank to receive the Islamic banking license under the Islamic banking policy of 2003 from the ...
Bank Islam Malaysia Berhad ( Jawi: بڠك اسلام مليسيا برحد) is an Islamic bank based in Malaysia that was established in July 1983. [1] Bank Islam was established primarily to assist the financial needs of the country's Muslim population, and extended its services to the broader population. The bank currently provides Sharia ...
Website. www .bibd .com .bn. Bank Islam Brunei Darussalam ( BIBD) is the main Islamic financial institution and the largest bank in Brunei. [1] With the biggest network of branches and ATMs strategically placed throughout Brunei's four districts, BIBD has its headquarters situated in Bandar Seri Begawan. [2] [3] [4]
Islamic banks often use "parallel" salam contracts and acting as a middleman. One contract is made with a seller and another with a purchaser to sell the good for a higher price. Examples of banks using these contracts are ADCB Islamic Banking and Dubai Islamic Bank. Basic features and conditions of a proper salam contract
Islamic banking, Islamic finance ( Arabic: مصرفية إسلامية masrifiyya 'islamia ), or Sharia-compliant finance [1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit-sharing ...
It is a public limited company registered under the Companies Act of 1994 and regulated by Bank Company Act 1991. The bank is an Islamic bank, based on Islamic Sharia law forbidding usury. In 2009, the bank changed their name from Social Investment Bank Limited to Social Islami Bank Limited.
329 (2022) Website. bisb .com. Bahrain Islamic Bank is a commercial bank based in Manama, Bahrain, founded on 7 March 1979, and started operating from the beginning of the Hijri Year 1400 (2nd of Muharram) which was the 22 November 1979. [1] [2] It is the first Islamic bank in the Kingdom of Bahrain, works under supervision of the Central Bank ...
Official website. ABC Islamic Bank is a Joint Stock Company that provides investment banking services and asset management services in accordance with Islamic principles. It is a wholly owned subsidiary of Arab Banking Corporation. Its subsidiaries include ABC Clearing Company and ABC Islamic Fund. It is formerly known as ABC Investment and ...