Interest Free Bank Dubai Islami Bank started its journey in 1975

Interest Free Bank Dubai Islami Bank started its journey in 1975

10 Islamic banks in Bangladesh

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Islami Bank started its journey in 1975. Dubai Islami Bank was the first to provide modern banking services based on Sharia. Bangladesh's first Islamic banking was launched in 1983. At present there are 10 Islamic banks in Bangladesh. Heinous crime and usury are forbidden

Leaning towards Islamic banks!

Islami Bank

That's why those who want interest free banking are leaning towards Islamic banks, but there is a lot of controversy about Islami Bank, and that is the profit.

But it is twisted and presented as a profit. The real interest of Islami Bank's Munaki is that every Islamic bank has its own Shariah Board to monitor whether the Islamic Bank is operating in full compliance with Shariah.

Based on the basic principles of the two!

Islamic banks conduct their operations in the light of Sharia. Islamic banking is based on the two basic principles of ‘sharing profit and loss and not transacting at a fixed rate’.

Islami Bank does not primarily trade in money, its activities are similar to those of Islami Bank as a financial institution conducting asset based business.

In the interest bank

As a human being, a Muslim and a non-Muslim have an external resemblance, but there is a difference in their beliefs and actions.

The interest will be added to 10 rupees, which means you will be obliged to repay 110 rupees to the bank, but if you talk about buying a car from Islami Bank, the bank will tell you that we will buy you a car with the money.

Bought the car for 100 rupees!

The bank will buy the car for 100 rupees and sell it to you for 110 rupees.

But the common man often thinks that this is a matter of interest. The fundamental difference is that Islami Bank does not pay the customers directly.

Instead, Islami Bank does not charge extra from the customer if it buys the goods and cannot repay the loan again.

But the conventional Sudi Bank charges interest from the customer at any cost.

Mohrana sets 100000 rupees!

But there is a difference between the two types of banks and their attitude towards running a business is simple.

If the man and his daughter agree to the proposal then it will be a crime but if the man says otherwise I want to marry your daughter I am fixing the marriage dowry 100000 rupees, then if the person and his daughter accept the offer then the matter is according to sharia Will be considered marriage

One of the two incidents did not have the word marriage dowry on the other hand, the difference between Islamic banks and interest-based conventional banks is exactly the same.

Lenders and borrowers in the bank!

In the case of depositing and borrowing money in a conventional interest-bearing bank, there is a relationship between the lender and the borrower between the customer bank and their agreement is basically an interest-paying agreement on the one hand and the Islamic banking customer-buyer-seller relationship on the other.

Or establish a business relationship and share the profits and losses of Islami Bank's profits.

DPS or monthly savings scheme!

Any adult Bangladeshi citizen with a healthy brain can open a monthly savings scheme account in his / her own name in the name of a minor or a minor and his / her father or mother or legal guardian.

This means that the account can be opened in the name of a minor and in the name of a person who has not turned 18 years of age.

This means that you can deposit DPS installments from 1st to 30th of every month.

If the last date of the month is a public holiday, the installment must be paid on the previous working day, that is, the installment must be paid within that month,

Dividends will be paid from the bank!

The customer can deposit the advance installment if he wishes but in that case you will be paid dividend from the bank for the advance installment, it is not paid in many other banks.

The interest for advance installment is paid in no other bank. The term of this DPS is 3 years 5 years 10 years before maturity if you want to break these tips.

The way you pay dividends in that case is that you will not get any profit if it is less than one year. That means if you want to turn off GPS one year before you do DPS then you will not get any profit.

You want to break the ADCS!

If it is more than one year, you will be given a profit for more than one year but if it is less than three years, you will be given a profit at the rate of savings account.

In that case you will be given the rate of return on the savings account.

Did DCS for 5 years!

Dividends will be paid at the rate of three years term DPS for more than three years but the next term has not been fulfilled.

In that case you will be paid dividends at the rate of three years DCSA. You will not be paid dividends at the rate of 5 years because you are breaking up after three years. For saving 4a you will be paid dividends

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