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Overview of Islamic Finance

Overview of Islamic Finance

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Published by soorajdivakaran3650
Presentation on Islamic finance all over the world
Presentation on Islamic finance all over the world

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Published by: soorajdivakaran3650 on Mar 29, 2009
Copyright:Attribution Non-commercial

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01/07/2011

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 THE WORLD OF ISLAMIC FINANCE THE WORLD OF ISLAMIC FINANCE
 
CONTENTS
Evolution of Institutional FrameworkEvolution of Institutional FrameworkFacts & FiguresFacts & FiguresGlobal CoverageGlobal CoverageMuslim PopulationMuslim PopulationInstitutionsInstitutionsGlobal OutlookGlobal OutlookIslamic Finance In IndiaIslamic Finance In IndiaStandard Chartered Case StudyStandard Chartered Case StudyConclusionConclusion
 
Introduction
Islamic Finance is governed by the Shariah (Islamic Law),sourced from the Quran and the Sunnah
 The Islamic law (Shariah) prohibits taking or giving interest(Riba) which is the most essential feature of Islamic banking
 The basic sources of Shariah principles are the ‘Quran’ andthe ‘Sunnah’, which are followed by the consensus of the jurists and interpreters of Islamic law
Profit sharing and fee-based financing approaches havedeveloped in compliance with Shariah laws.
 These special modes of financing have emerged in retail,private and commercial banking for debt and capital

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