Research Thesis On Islamic Banking Cosmetic Surgery Thesis Outline
This concept of banking saves Islamic form of banking from critical conditions like economic slowdown.Evolution The Islamic economic system has a centuries-old history.
The basic concept of Islamic economy is prohibition of riba (usury), gambling and hoardings that is just opposite to the non Islamic banking.
Egypt was the pioneer in experimenting Islamic bank in the modern period.
Set up in l963, this worked in the form of a savings bank based on profit-sharing, and lasted until l967 (Ready l98l), by which time there were nine such banks in the country.
In 2007, there were about 270 Islamic banks worldwide with a market capitalization in excess of US billion.
The assets of Islamic banks worldwide estimated then at more than US5 billion and financial investments above US0 billion.