Beit alBaraka
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What is an Islamic Bank
There is no standard way of defining what is an Islamic bank is, but...
Islamic bank is
There is no standard way of defining what is an Islamic bank is, but broadly speaking an "Islamic bank is an institution that mobilize financial resources and invest that money in an attempt to achieve pre-determined islamically - acceptable social and financial objectives. Both mobilization and investment of money should be conducted in accordance with the principles of Islamic Shari'a".
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