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    Islamic Banking And Finance for Beginners!
    Islamic Banking And Finance for Beginners!
    Islamic Banking And Finance for Beginners!
    Ebook46 pages28 minutes

    Islamic Banking And Finance for Beginners!

    By Andrei Besedin

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    About this ebook

    Islamic Banking and Finance for Beginners!
    The population of Muslim in the world is increasing, so, the demand for a global financial system that complies with sharia law is growing drastically. With the increasing trend of Muslims and non-Muslims accepting Islamic Banking, it is crucial to know about the basics as a newbie. With this in mind, we have made available our topnotch short book with the title “Islamic Banking and Finance for Beginners” 
    This powerful book will offer you some benefits. 
    •It will show you what Islamic banking is, its origin, and evolution
    •You will know the concept and principles of Islamic financial system
    •You will learn the basis of Islamic banking
    •Also, you will have excellent knowledge of the prohibitions in Islamic finance
    •additionally, you will find out the Islamic financial products based on sharia-compliant contracts
    •Great navigation index for reference guides 
    The only key to exploring all the benefits this power-driven product has to offer is to get the book. We can’t deny the fact that we are not native speakers, and our book might not carry all the information about Islamic banking and finance. However, we provide the main point that can help provide beginners an excellent knowledge about Islamic finance and banking. 
    The price of this short book is affordable and fits almost all budgets so you can save up to $1000 getting this product. You can try the book for seven days as it is 100-percent risk-free. In case you are not satisfied, you can ask for a refund through our “manage my kindle page” within sevendays. 
    Check the upper right side of this page, you will see a buy button, click it, and you will be able to obtain this powerful book. 
    This informative book is all you need to know the nitty-gritty of Islamic banking and finance. So, don’t wait till another day before you get this success propelling product. 

    LanguageEnglish
    PublisherAndrei Besedin
    Release dateJun 23, 2019
    Islamic Banking And Finance for Beginners!

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      Book preview

      Islamic Banking And Finance for Beginners! - Andrei Besedin

      INTRODUCTION

      All praises and adoration belong to Almighty Allah (SWT) the lord of the universe. I give thanks to him for providing us an ethical means to transact with each other and earn without harm. This book sheds more light on Islamic banking and ethical ways of making money ethically.

      INTRODUCTION TO BANKING AND FINANCE

      What is banking? Is a service industry that provides financial services to those who want to lend, borrow, or invest. Banking isn’t complete without banks. A bank is a financial institution that accepts deposits, give loans, and provide other financial services. What is finance? Finance (noun) means management of money.

      Banking and finance is the study of financial services that includes lending, investing and receiving deposits, issuance of currencies, debit and credit cards, transaction processing, among other financial services.

      An Introduction to Banking & Financial Services

      A Bank is a financial institution that accepts deposits from individuals and corporate bodies and also offer loans and makes other investments. Banks handle cash, credits, and financial transactions.Finance is the study of investment.

      Banking began with the goldsmiths in the 17th century. Goldsmiths accepted money and valuables from merchants from who had no safe place to keep their money for safe keeping. Banking functions was by taking a deposit from merchants, then to issuing receipts for the deposits made by the merchants.

      The next stage on the development of the banking system was money lending to customers with interest charged on it. This was an innovation that leads to a profitable business in the banking system. Hence bankers began to encourage merchants and other customers to increase their deposit.

      SOME TERMS USED IN BANKING AND FINANCE

      Account

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