Activity Code
6519-12
Activity Description Arabic
مصرف إسلامي
Activity Description English
Islamic Bank
Activity Group
Activity Sub-Category
Activity Type
Description
Includes financial institutions perform a form of modern banking based on the principles of sharia law, the underlying concept in this regard is designing investment operations contrary the interest-based commercial banking system, the approaches applied are Mudarabah (profit sharing), Ijarah (lease), Bai Salam (advance purchase), Istisna (manufacturing finance), Mudarabah (profit sharing), Musharakah (joint venture), Qard hassan (good loan), it involves conducting conventional banking against charges such as opening accounts, accepting deposits, opening letter of credits, issuing letters of guarantee
Master Activity
Package Type
Non Package
