Islamic banking or Islamic finance or sharia-compliant finance is banking or financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include Mudarabah (profit-sharing and loss-bearing), Wadiah (safekeeping), Musharaka (joint venture), Murabahah (cost-plus), and Ijara (leasing). Sharia prohibits riba, or usury, defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to riba). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also haraam (“sinful and prohibited”).
Islamic Finance Market report provides in-depth statistics and analysis available on the market status of the Islamic Finance Manufacturers and is a valuable method of obtaining guidance and direction for companies and business enterprise insider considering the Islamic Finance market. It contains the analysis of drivers, challenges, and restraints impacting the industry.
Major Key Players of the Islamic Finance Market are Bank Melli Iran , National Commercial Bank Saudi Arabia , Qatar Islamic Bank , Bank Mellat Iran , Alinma Bank Saudi Arabia , Malayan Bank Berhad (Maybank) Malaysia , Dubai Islamic Bank , Kuwait Finance House , Bank Saderat Iran , Bank Maskan Iran.
Islamic Finance Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Islamic Finance Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years.
Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner Islamic Finance Market revenue by understanding the strategic growth approaches. In the end, Islamic Finance industry report specifics the major regions, market scenarios with the product price, volume, supply, revenue, production, market growth rate, demand, forecast and so on. —Financial Express Now