FAQs & Ask a Question
    • What is Banking & Finance in conventional terms?
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    • How Islamic banking is different from conventional banking?
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    • What is Islamic Finance?
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    • What is Islamic Banking?
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    • What are the basic traits of Islamic banking?
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    • Are Islamic banking services offered to Muslims only?
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    • How Islamic banking benefits any society practically?
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    • What is the source of your money, i.e., from which source you have raised your capital?
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    • Does Islamic bank offer loans?
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    • What is the difference in profit and riba?
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    • Your funds are intermingled with OAB conventional`s funds, how come you claim to be Islamic?
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    • Why Islamic banks use same pricing benchmarks as conventional, such as, LIBOR, CBO rate, etc.?
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    • How can we ensure that all the investments are in line with the pronouncements and directives of the Shari`a Board?
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    • Is there any difference between Interest and Usury?
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    • Would you be catering to the customers involved in business / activities prohibited in Islam?
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    • Do Islamic banks have credit cards?
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    • How do Islamic banks make profit?
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    • How can Islamic banks announce their profit rate upfront? Is this not Riba?
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    • What are the major modes of Islamic banking and finance?
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    • In a loss event, does the Account Holder bear any loss?
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    • Why there is such a fine differentiating line between Islamic and conventional banks` ways of working, why not a clear-cut distinction?
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    • Why there is too much documentation in Islamic banking as compared to their conventional counterparts?
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    • Does Al Yusr offer overdraft facility to its customers?
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    • Which of the Islamic modes of investment does Al Yusr use with those customers who would like to invest through saving and deposit accounts?
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    • Who is eligible to open accounts in Islamic banks?
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    • Who are the members of your Shari`a Supervisory Board?
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    • Is it lawful to take a service charge for processing documents as an agent for a payer or payee bank?
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    • Is it permissible for an Islamic bank to impose penalty for late payment?
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    • What are Sukuk?
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    • Is a buyer entitled to cancel a contract upon inspection of the item, such as in Murabaha?
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    • Is insurance allowed in Islamic banking?
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    • What is Takaful?
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    • What are the main characteristics of a Takaful?
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