Islamic Economics: A Short History

(Elliott) #1
the crisis of modernisation and islamicisation 347

Figure: 8.1: Islamic Banking Operations (From El-Ashker, 1987)

Accounts
with
Author-
isation

Accounts
without
Author-
isation

Business
with
partners

On its
own

Current
Accounts

Other
services

Zakah
trust fund

Own
services

Deposits

Business activities Social Services

Investment Services

Islamic banks’ activities

Providing
financial means

Providing goods/
installations

Parnership with
profit sharing

Interest-free
loans

Musharaka Mudaraba Murabaha

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