5 Interest free BANKING (most important) No motive to earn profit Values of islam Interest is forbidden only shirakah and modarba Establishment of a bank By state or individuals Invest in modarba and shirakha Shareholder not less than 2 Net basic capital and loss or profit divided according to their proportion Bank can start business with other individual or cooperation Bank partren can also star but only in modarbha and shirakha At the death of a partner his shirakha will go to an end Relatives of died person can also carry on .. Business of the Bank 1) Services on which charged 2) Free services 3) I on the basis of modarba and shirakha
Posted on: Mon, 25 Aug 2014 13:46:18 +0000
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