Dear Visitors,
Though many societies still believe in interest (Riba; an Arabic word used in Quran) based economy and hence their culture is totally based on this but Islamic modes of financing are taking ground day by day!
Islamic Finance and Banking; how it came into existence, what is Islamic Banking (IB), when was it started, what are the main modes of Islamic financing and key market players, the pace with which it is progressing , and last but not least, why non-Muslims shall go for it!!!
Various reasons as why this blog has been setup:
- Though basic info about IB is available but most of IB sites are paid including magazines
- Islamic Banking events are high-cost oriented occasions
- A comparison between IB and conventional banking products are not available
- Social Justice was the main reason behind IB, is it being fulfilled among those who are the main players of Islamic banking!
Keeping these ideas in mind, we had started collecting information available in different forms (books, articles, magazines, Arabic literature, European & American bank sites etc.) and build up basic BLOG covering information about banking, credit cards, and Islamic modes of financing.
This is the main theme of setting up this blog. It is just the beginning, in coming days you will find lots of information here, so keep visiting!
Editor IBFN
Updated in June 2012
