ALL ABOUT UAE BANKING

WHAT IS BANKING?

Usually involves accepting deposits and lending out money

There is interest accrued to deposits and interest charged on loans

Conventional banking technique, with basic tenet being profit making

WHAT IS ISLAMIC BANKING? Islamic banking revolves around the two basic

principles of Islamic law: Sharing profit and loss Prohibition from collecting interest from

borrowers or paying interest to account holders Financial transactions and investments are

based on tenets of Islamic law: Prohibition from investing in non-Islamic

behaviours which include but aren’t restricted to matters of gambling, alcohol, pork etc.

WHAT ARE THE BENEFITS OF ISLAMIC BANKING? Based on social responsibility Based on sustainable environmental development Borrower not forced to shell out large sums in interest Account holder places money in bank as an interest

free loan to bank Extrapolating from prohibition of un-Islamic acts,

ecologically detrimental projects are also prohibited Humans considered trustees of nature, and must

safeguard it – lack of environmental exploitation Excess is discouraged – lack of economic exploitation Emphasis on society as a whole, rather than the

individual

FACILITIES PROVIDED IN ISLAMIC BANKING:

Business Banking i. For Small and Medium Enterprisesii. For Large Enterprises iii.Personal Banking iv.Online Banking v. Mobile Banking vi.Debit Card vii.Credit Card viii.Term Deposits ix. Money transfer x. Investment services and

products

UAE BANKING SYSTEM EXPOSURE

UAE BANKING TREND

WHAT ISLAMIC BANKING PRODUCTS DO YOU HAVE?

IMPORTANCE OF ISLAMIC BANK WHEN CHOOSING A BANK BY INCOME LEVEL

WHY USE BAYZAT.COM FOR BANKING AND BEYOND… Bayzat is the Fast and

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