BASIC UNDERSTANDING OF ISLAMIC FINANCE BY SIR UMER SIDDIQUI

Presentation On:Some preliminary points with respect to

Islamic Banking and Finance

16 safar ba mutabik 1435 hijri (Juma tul Mubarak)

Main objectives of our presentation:

• To understand the shariah` rulings with respect to ibbadat and mumlaat.

• Conceptual difference between Capitalism and Islamic Economy.

• Implementation of Asset-backed financing.• Capital and entrepreneur in Islamic Economy.• Present practices of Islamic Banks.

Allah

Self Society

Economic Social

Finance Wealth

Islamic Conventional

Islamic rules and guidelines:

A perfect combination is required by Islam

The basic difference between capitalism and Islamic Economy:

Assets –backed financing:

Capital and entrepreneur:

Present practice of Islamic banking

Present practice of Islamic banking

Q : There are many Islamic Banking clause not according to Shariha ?

Justics Molana Taqi Usmani : If you are Stand in fully and complete in Mud . You first step to

remove One Lag first and then 2nd Lag.

WORLD WIDE

INTERST BASED

ECONOMIC

HELP WEEK ECONOMIC

EFFECTED WHOLE SYSTEM

MURABAHA SALAM

IJARAHA MUSHARKA

ISTISNA

ECONOMIC GROWTH