alternative banking; banking without interest; supply chain finance; Mudharabah; Musharakah ; Murabahah

Syariah Banking: A Primer

To: Ferry H.
From: Dr. John Vong

(Excerpt from Vong, J. & Erramili, K., “Marketing of Financial Services”. Published by Institute of Bankers Malaysia in 1997)


 Islamic banking is an interest-free banking system that undertakes business, trade activities and all forms of transactions on the basis of fair and legitimate profits, principally in the form of equity participation or profit-loss sharing principle.

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