Author: chowdhury.munna

Investment or credit in Islamic shariah means ‘to layout of money’ or fund provided for a legal purpose and for a certain period with a risk of profit or loss. In Islamic Banking Investment means utilization of fund or deployment of fund for a special legal purpose on profit/loss sharing basis for a certain period. Islami Bank as per shariah deals with goods & services, not money. Shariah law prohibits speculative trading that involves risk and uncertainity. Shariah also forbidden investing in haram businesses such as gambling, alcohol etc. Investment or credit in Islamic shariah and its various modes: Mudaraba: Mudaraba means partnership…