Islamic Banking

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Pre-written Papers:

Title: Islamic Banking

Essay Details:

Subject: Book Reports

Author: Marjorie W

Date: March 15, 2015

Level: University

Grade: A

Length: 2 / 576

Essay text:

Five Indian companies, Reliance Industries, Infosys Technologies Wipro, Tata Motors and Satyam Computer Services figure in the Standard & Poor’s BRIC Shariah Index. Under Islamic banking, the conditions for investing in shares are: 1. It is not permissible to acquire the shares of the companies providing financial services on interest, like conventional banks, insurance companies, or the companies involved in some other business not approved by the Shariah, such as companies manufacturing, selling or offering liquors, pork haram (prohibited) meat, or involved in gambling, night club activities, pornography, gold trading, advertising and media (with the exception of newspapers)...

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