We Invest In Your Beliefs
The Islamic banking system (IBS) is defined as a banking system whose principles of its operations and activities are founded on Shariah rules. Islam forbids Riba which is included in the transaction of conventional banking. Today, the IBS is put into implementation in many countries notably in the Middle East, Malaysia and many other Muslim countries. The first Islamic Bank opened its doors in the early 1980s.
It is today a trillion-dollar industry with a global profit well exceeding 35 billion dollars.
We find Islamic banks in many Non-Muslim countries as well in the Americas, Europe and Asia etc. Most of the Islamic commercial banks in these countries deal with the basic instruments such as the Murabaha, Mudarbah, Musharaka and Ijara. Though there is a vibrant Islamic Capital in the Middle East and Malaysia, it is yet to gain popularity in many Non-Muslim countries. Instruments such as the Sukook are a good potential instruments that can be introduced into these markets.
An Islamic bank is not confined to Muslims. There are many Non-Muslims who are major shareholders of an Islamic Bank. Similarly, many Islamic banks employ Non-Muslims at senior levels. And there is a notable number of non-Muslim customers as well in an Islamic bank
We at Global Finance & Investment offer the following services either in an existing industry or a completely new industry where IBS is not present: