The Art of Islamic Banking and Finance: Tools and Techniques for Community-Based Banking

institution is appointed by God as a trustee and custodian to manage them. (3) Every being, human or not, has a minimum requirem ...

Qur’aan. In addition, if one wanted to include in his/her will a payout to others outside what Shari’aa defines, this is limited ...

know each other (not that ye may despise [each other]). Verily the most honored of you in the sight of God is [he who is] the mo ...

&Excellence in professionalism and knowledge &Performance, track record, trust, and piety &Good interpersonal relati ...

system, it is the worst offense to not pay one’s debt and not to fulfill one’s promises and commitments before passing on to God ...

of the RF banking system is to make capital circulate within the community. The Judeo-Christian-Islamic value system prohibits t ...

socially responsible investments. The RF banker should have a passion for serving people, should enjoy helping those who need as ...

over time. Consistency means never resting, never taking our talents—the precious gifts of God—for granted. Consistency is the p ...

civic activities, including its places of worship of all faiths in which he or she is positioned to serve the worshippers, the s ...

stating, ‘‘We agree that changing the seating arrangement on a Titanic-size ship in one shot is of course impossible and is in f ...

Stephen L. Carter,Civility, Basic Books, 1998. Ibid., page 12. Ibid., page 11. Hadeeth of Prophet Muhammad (pp). The Qur’aan, C ...

CHAPTER 7 The Conventional Riba-Based Banking System The Banking System of the United States The United States has developed the ...

important facts: (1) These regulations are intended to make sure that every citizen in the United States is treated fairly, and ...

States are not aware of the real engine of the United States economy: the highly dispersed community-owned (shareholders and boa ...

authorized to operate by the federal government through the U.S. Depart- ment of Treasury. One of the reasons Congress created a ...

However, the state banking laws and regulations are essentially the same as those of the national banks. State banks are usually ...

rightly assert that a separate system of state banks ‘‘allows the states to serve as laboratories for innovation and change, not ...

because they live in the same neighborhood, work in the same company, or worship at the same place of worship. These institution ...

community. The feasibility study should also include a thorough and detailed analysis of the competition and a well-thought-out ...

supervises all national banks and federal branches of foreign banks in the United States. These facilities account for nearly tw ...