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profresh16 · 2 days
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Roundup of 2nd Al Baraka Forum 2024
Karachi, Pakistan Al Baraka Forum for Islamic Economy in collaboration with the Islamic Chamber of Commerce and Development (ICCD) hosted the 2nd Al Baraka Regional Conference, in partnership with Al Baraka Bank Pakistan, to shed light on the crucial role of home remittances in Pakistan and their impact on sustainable development. The conference served as a platform to discuss the multifaceted…
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zyronoidablog · 3 months
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Payment service provider in india
In the rapidly evolving digital landscape of India, the growth of Payment Service Providers (PSPs) has been nothing short of revolutionary. As businesses continue to transition online, the need for efficient, secure, and versatile payment solutions has become paramount. At Zyro, we understand the importance of staying ahead in the digital curve, and in this blog, we'll dive into the world of PSPs in India, exploring how they are changing the face of business transactions and what you need to know to make the most of these services.
know more :- https://zyro.in/blog/business/payment-service-provider-in-india/
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finaclebanking · 2 years
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Finacle Islamic banking solution offers an integrated and comprehensive approach for banks to define and present Shariah compliant products to customers.
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Differentiated because of its strong product definition and audit features, the ability to provide comprehensive control and support Islamic accounting, the solution is completely self-contained. It is replete with the accounting backbone to support back-office functionalities and provides Straight Through Processing (STP) capabilities on a Service-Oriented Architecture (SOA) platform.
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imarkplace · 16 days
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The Virtue of Halal Business and Trade: Ethical Guidelines from the Teachings of Prophet Muhammad (PBUH)
Business and Trade has always been an integral part of human civilization, providing sustenance, fostering economic growth, and facilitating exchange among communities. However, beyond its material benefits, trade holds profound spiritual significance, as exemplified by the teachings of Prophet Muhammad (peace be upon him and his family). In numerous narrations, he emphasized the virtues of trade…
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fincrew · 2 years
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Are you a non-muslim and want to take out a personal loan with reasonable rates in an Islamic bank? Are you wondering if it makes any difference which bank you choose? Well, you are not alone. Many people have asked these questions, and this article will address them.
Can a Non-Muslim Take A Loan From An Islamic Bank?
Islamic banks welcome Muslims and non-Muslims alike, so this should not be an issue when applying for a loan. Instead, the most important thing to compare will be the rates and the conditions of financing, customer service, and the bank’s ethics. Research carried out for Abu Dhabi Islamic Bank (Adib) showed that most customers value simple, straightforward, and transparent banking – for example, they want the full terms and conditions spelt out, so there are no misunderstandings. The concept of “profit rate” is used by Islamic banks instead of “interest rate” because they do not carry out financing in the form of loans. Still, the purchase and sale of tangible assets, such as cars, houses, commodities, or stocks, depends on what type of financing you seek.
In Islam, Murabaha is a commonly used form of financing. This arrangement involves the bank purchasing an asset on behalf of the customer and reselling it to the customer at a premium price to pay back in instalments over a fixed period. There are certain advantages to a conventional loan for the customer. At the beginning of the financing term, customers have a fixed payment amount for the entire time, so it does not increase even if they extend. Late payment penalties do not apply, and profits do not compound. As a result of how the financing is structured, the customer has agreed to pay throughout the entire period. The banking system in Islamic countries generally works closely with its customers and is considerate if their circumstances change. For example, Adib provides job loss protection to everyone who takes out a Murabaha financing product. In addition, should they lose their job, companies will grant a six-month break on all repayment instalments on their personal and vehicle financing.
What Is It About Islamic Banking That Would Make It Attractive To Potential Customers?
Transparency
Islamic banks base their returns on investment earnings rather than interest payments instead of conventional banks’ complex financial engineering techniques. Their basis is moral principles, and some people might find that important. Moreover, the transparency of their dealings should make everything clear and easy to understand, with few chances for surprises or hidden fees.
Keeping It Clean
The act of not doing business with industries that oppose Islam is also a way to remove support from morally questionable enterprises such as gambling, prostitution, and pornography. Please do not worry; you can still use the funds in your Islamic bank account in any way. Nevertheless, you can be sure that you will not indirectly contribute to anything that morally offends you.
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iyas1998 · 1 year
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Assalamualaikum #SobatIAEI
Seiring dengan momentum pemulihan ekonomi nasional, ekonomi syariah tumbuh menguat. Pertumbuhan ini dapat dilihat dari berbagai variabel mulai dari literasi, kinerja sektor keuangan, industri halal, hingga kegiatan filantropi.
Bagaimana prospek ekonomi syariah di tahun 2023?
Swipe yuk buat tahu lengkapnya, dan diskusikan pendapatmu di kolom komentar ya Sob! 😊
#EkonomiIslam #LiterasiEkonomiIslam #EKSIS #IslamicBank #BankSyariah #Ekonomi #Syariah #RoadtoMuktamarVIAEI
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Halal: Slaughtering to Economic Control | Halal Certification | Islamic Banking | Ravi Ranjan Singh
#unfilteredwithsakshi #halal #jhatkacut #islamicbanking
Do you know that Halal-o-Nomics is a pressing issue posing a grave threat to our economy? If you thought the battle of Halal vs Jhatka was just about animal slaughtering, then you must watch this powerful video by Sardar Ravi Ranjan Singh ji to decipher the truth behind this deep-rooted conspiracy. As the Chairman of Jhatka Certification Authority, he has done commendable work to spread the awareness on the effects of halal food certification from the past few decades. Halal jihad is a stealth way through, which Muslims are establishing control over the food industry and secular businesses are being marginalized. Owing to this, in the last few decades, businesses including jhatka meat sellers have taken a huge hit and were forced to shut shop. But Halal penetration does not end here. Watch this video till the end to hear Sardar Ravi Ranjan Singh ji delve into an in-depth analysis of Halal-o-Nomics & its effects on our economy. If you truly want to preserve the secular fabric of the society, then this video is tailor made for you! We request your support in helping us nurture the Unfiltered family. Don't forget to Like, Share, and Comment on this video. Do not forget to visit our social accounts and follow the channel for latest updates:
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jobshub-pk · 2 years
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Relationship Associate Jobs in Karachi 2022
Relationship Associate Jobs in Karachi 2022 #MeezanBank #IslamicBanking #IslamicFinance #BestBank #Careers #JobOpening #Job #JobOpportunity
Relationship Associate Jobs in Karachi 2022: Meezan Bank is looking to hire Relationship Associate in the Commercial Banking Department in Karachi! If you fit the eligibility criteria, PLEASE APPLY online by October 06, 2022 through the following link: https://www.meezanbank.com/careers/ Check These Jobs Also: Meezanship Program Jobs in Pakistan 2022 Senior Designer Jobs in Karachi…
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surveycircle · 2 years
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Participants needed for online survey! Topic: "IFSB and effectiveness of liquidity risk management in Islamic banks" https://t.co/2t1MhBHb1q via @SurveyCircle #ifsb #LiquidityRiskManagement #IslamicBanks #money #liquidity #survey #surveycircle https://t.co/EotdnHs3WY
— Daily Research @SurveyCircle (@daily_research) Aug 12, 2022
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profresh16 · 5 days
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Theses are the 72 differences between Islamic and Conventional bank. Islamic Banking Halal or Haram. Islamic Banking and Finance. What are the features of Islamic banking?  What are the advantages of Islamic banking?  Is Islamic banking really interest free?
Watch and Share to promote the Islamic Banking.
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zyronoidablog · 3 months
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Business banking service/solution provider
In the dynamic and often complex landscape of business, efficient financial management is critical to success. As businesses grow and evolve, so do their banking needs. This is where choosing the right business banking service provider becomes paramount. At zyro, we understand the importance of making informed decisions in every aspect of your business, including banking. In this blog, we’ll explore key considerations for selecting a business banking service or solution provider that aligns with your company's unique needs.
know more :- https://zyro.in/blog/banking-providers/business-banking-service-solution-provider/
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Islamic Banking and Conventional Banking During COVID-19 Crisis
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Salman Ahmed Shaikh
In many countries, there is a situation of lockdown for quite some time. It is uncertain how much time will it take to get back business as usual and life as normal. Businesses are struggling with the closure of markets, production facilities and sales outlets. Even e-commerce has taken a hit due to restrictions on commute and transportation.
In economics, we recognize four…
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imarkplace · 18 days
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حلول التكنولوجيا المالية الإسلامية حلول التكنولوجيا المالية الإسلامية: تتقدم Greens Fintech في توفير منتجات وحلول مالية متوافقة مع الشريعة، مضمونة التزامًا بالمبادئ الإسلامية مع تقديم خدمات مبتكرة مثل الخدمات المصرفية الرقمية والقروض بين الأفراد ونماذج الدفع عند الشراء والدفع بعد الشراء.تطوير البرمجيات: تتميز فريقنا في صياغة حلول برمجية حسب الطلب، مركزًا على تطوير الواجهة الأمامية والخلفية…
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istartyourbusiness · 2 years
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Kuwait is Working on New Development Plan. Kuwait has unlimited potential, it is most untapped opportunities. Kuwait society drives its potential from Islamic Culture. The Kuwait Development and New Kuwait with Silk Society, Falaika Island Development plan can be developed as Fully Shariah Compliant Development. Halal Economy is Future of Growth and Development Halal Tourism has huge potential. In GCC has no specialized Halal Tourism Project. This will give new growth Potential to the Kuwaiti Economy. Islamic Finance is very strong in Kuwait. It has huge potential and can be global center for Islamic Finance, it can bring huge growth to Kuwaiti Economy. Halal Entertainment is very good potential, sports and new Ideas in this field. Small Manufacturing has huge potential, it will grow and can be developed as sustainable future. Development Driven By Halal Future can make New Kuwait #Kuwait #halalinvesting #HalalTourism #halalfood #islamicfinance #islamicbanking #smallbusinessfunding #smallbiz #growth #NewKuwait #Kuwaitcity (at Salmiya) https://www.instagram.com/p/Ca16_wQKRS1/?utm_medium=tumblr
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