Review on Concept of Islamic Banking


  • Shamim Ahmad Farooqui Assistant Professor, Excellent Law College, KOTA Rajasthan



Islamic Banking, Islamic Finance, Shariah, Islamic Law


Islamic banking is a form of banking that adheres to Islamic law. Muslim banks have been more successful because they have not charged the public interest rates and have invested in ethical resources. A common way to manage money that is economically conservative and adheres to a set of moral principles, Islamic banking also draws from the 'Shari'ah'. There are two central principles of Islamic banking: that lenders and borrowers share the profit or loss, and the prohibition of paying or accepting interest. Studies have shown that growth in Islamic banking is correlated with economic growth, even when other factors are controlled for. This paper explores the concept of the Islamic Banking, its concept, process and more.




How to Cite

Farooqui, S. A. . (2022). Review on Concept of Islamic Banking. RESEARCH REVIEW International Journal of Multidisciplinary, 7(5), 133–137.