How Islamic Bank Work (English)

[Simplicity]

this is underrated !!! this deserve more view!!! Thank You

[hadeethdaily]

The simple principle of Islamic finance is money should not make money, there should be risk and profit factors involved in the transactions.
Without work/risk/action there is no barakah in your money, and your life will be lazy/lethargic/boring. To keep humans healthy and active Riba is made haram in Islam and business (profit and loss) is made halal. In Riba, there is an exploitation of once situation to make money.

[NasirKhan-fxhq]

Good presentation but still need more details of transaction and profit losses.

[lilylily]

Jazak Allahu Khayran 🌸 Thank you so much!

[TheIzzlud]

Can you show example how to buy a house based from Islamic bank system?

[akshayrathore]

Sounds like an assets management company with religious bureaucracy

[simpleman]

Let me quote an example:
Say a trader bought peanuts for 50 bucks and he is selling it at 60 bucks. How is that different from him charging 16% interest over 50 bucks??
What the ruling on making money from assets?
Say I bought a car on finance- how will a bank earn ?

[bushfires]

would be good idea to ask to many Pakistanis and Indians workers exploited in Qatar the lovely experience with Islamic financial system (no much differences with the other one)

[jadeorchid]

islamic banking would get rid of all corruption

[noahriding]

It seems like there are some advantages to Islamic Banking. But what are the disadvantages, if any? Are people who aren't followers of Islam allowed to use Islamic Banks?

[True_words_]

So there is no difference between islamic bank and commercial bank

[mhm]

This video didn’t answer the question. Tell us what differentiates the traditional bank from Islamic bank ? Thanks

[viewsonworld]

Btw If Financing is based on SIBOR or EIBOR or KIBOR then How is It different than Conventional Banking?

[Wisdomseeker]

When a person buys a house from a bank, and agrees to paying in installments which totals higher than if paid upfront, what happens if he decides later to pay it off early? Would that then be considered 2 prices for the same asset, which is prohibited?

[Sam-uxwe]

If an islamic bank buys a $100 000 house to sell it to me $120 000 so I don't use the interest (Riba) how and where did the bank get this money from...? A bank..?

[Zen_Fte]

How about a simple example. If I want to buy a house as my families home, how does that work? Does the bank "own" my home and I lease it? Or something else?

[TheCatoblepass]

what if the shariah board is "owned" by the bank?

[irorook]

Distinction without a difference. Profit is interest.

[infoteka]

You couldn’t explain how it works
Halfway through only

[closeupman]

nice...but would be better without music when explaining something Islamic! 🤣