Sudanese Islamic Banking System Business Essay
Al-Barakah Islamic Bank of Sudan and Islamic Bank of Western Sudan Ahmed, 2008. The first attempt to Islamize the entire banking system was made. e President of Sudan. The analysis in this study focuses on the comparative liquidity situation of an Islamic bank Islami Bank Bangladesh Limited and a conventional bank AB Bank Limited for the period -2006. The ban on interest in Islam is actually an attempt to protect society from the evil of interest. The interest-free economy is an ideal economic system, the model of which is presented by Islam through the Quran and Hadith. Prophet Muhammad SA W laid the foundation for an interest-free economy years ago and Khulfa-e, Abstract. Exclusive Summary: This report evaluates Islamic banks in Sudan. Provides an analysis of the current economic environment and the activities of Islamic banks. The report is also available. In recent times, Islamic banks have appeared all over the world, both in Muslim and non-Muslim countries. The growth of Islamic banking institutions has been rapid, from one institution to multiple countries. In the case of countries like Iran and Sudan, the entire banking system is built on the idea of Islamic finance. The principles guiding Islamic banking can be simplified into four fundamental concepts. These include: The second guiding principle for Islamic banking is based on ethical standards. It is the religious duty of Muslims to invest their money in sound businesses, without engaging in questionable transactions. Kettell, 184. The rise of Islamic economics is the result of a long search for an alternative economic system that focuses on a world order with ontological and epistemological sources of knowledge. law, i.e. the Qur'an and the Sunnah, which would serve as the framework of the value system of this world order. Bank, Bank Islami, Dubai Islamic Bank and MCB Islamic Bank. The number of conventional banks Islamic banking branches operating in the country with Islamic banking branches Electronic banking E-banking has emerged due to globalization, competition and rapid growth of IT systems. It has become the self-service delivery channel that allows banks to provide information and offer services to their customers with greater convenience through various technological services such as the Internet and mobile phone. This new, Abstract. Purpose The purpose of this article is to describe the common performance characteristics of banks operating in an all-Islamic banking system in Sudan. Sudan is one of the few economies in which:.