The first Islamic bank in Germany January

German government plans to open its first Islamic Bank city of “Mannheim” in January , to be followed by the opening of other Islamic banks, according to the first German channel.

He admitted a member of the Christian Democratic Party local parliament in Stuttgart, “Reinhard Loeffler,” the role of Islamic law in financial strategy, such as selection of a third alternative to capitalism and socialism. He admitted a member of the Christian Democratic Party local parliament in Stuttgart, “Reinhard Loeffler,” the role of Islamic law in financial strategy, such as selection of a third alternative to capitalism and socialism.

The channel, to the residents of the German state of Saxony were placed in deposits and loans and financial transactions of Islamic opinion in the first consideration, and banks have in this city to show it to the investors do not face any obstacles in achieving this. The channel, to the residents of the German state of Saxony were placed in deposits and loans and financial transactions of Islamic opinion in the first consideration, and banks have in this city to show it to the investors do not face any obstacles in achieving this.

The Germans, parliamentarians and members of the Christian Democratic Party demanded that the Ministry of Finance state of Baden-Wuerttemberg to study the possibility of applying the rules of Islamic law in funding and respect for the prohibition of interest and use the money, Arab. The Germans, parliamentarians and members of the Christian Democratic Party demanded that the Ministry of Finance state of Baden-Wuerttemberg to study the possibility of applying the rules of Islamic law in funding and respect for the prohibition of interest and use the money, Arab

source : masaader

Islamic finance presents itself strongly

Islamic finance presents itself strongly, the World Bank lays down rules binding upon him. No doubt that the rapid spread of Islamic finance in many non-Muslim countries, such as: Britain, America and France, raises the question whether Islamic finance can offer the same alternative to America and France, raises the question whether Islamic finance can offer the same alternative to the consumer-west, the system of traditional financing. Consumer-west, the system of traditional financing.

In Malaysia non-Muslims began to invest their money in Islamic financial instruments, such as Islamic mortgages, and the Western multinational corporations, such as Tesco and Toyota, which attracted a wealth of the Muslims across the Islamic Sukuk, and so while considering some countries, such as South Korea Thailand, Islamic sovereign bond issue, in the pride of the Islamic finance industry, which was limited to a small number of Arab countries by just three decades, that it now has a wide and includes many of the tools of investment, which increases their attractiveness to the global level while current.

In Malaysia non-Muslims began to invest their money in Islamic financial instruments, such as Islamic mortgages, and the Western multinational corporations, such as Tesco and Toyota, which attracted a wealth of the Muslims across the Islamic Sukuk, and so while considering some countries , such as South Korea Thailand, Islamic sovereign bond issue, in the pride of the Islamic finance industry, which was limited to a small number of Arab countries by just three decades, that it now has a wide and includes many of the tools of investment , which increases their attractiveness to the global level while current.

For his part, affirms: Kevin Brown For his part, affirms: Kevin Brown, an economist: Economic expert: The relative success of Islamic finance institutions, especially in the midst of the global financial crisis, which led to the consideration to these institutions as That the relative success of Islamic finance, especially in the midst of the global financial crisis, has led to the consideration to these institutions as more stable than those of traditional, because it has a more solid relationship with the real economy, but they are less vulnerable to the uncertainty generated by the riba-based financial derivatives. More stable than those of traditional, because it has a more established relationship with the real economy, but they are less vulnerable to the uncertainty generated by the riba-based financial derivatives.

In the same context, said Shah Nzerin In the same context, he said Nzerin Shah representative of the Center for International Islamic Finance in Malaysia, at a lecture he gave in Bahrain last month: The current financial turmoil offers an opportunity for Islamic finance, in order to present himself as a supplement, the is not a substitute for conventional financing. Where services have become the Islamic finance where services have become the Islamic finance in many countries, cheaper than their counterparts in traditional financing have have. In many countries, cheaper than their counterparts in conventional finance.

Flexibility and immunity..

Shows the Raja-teh, an auspicious International President of the Islamic market in Bursa Malaysia: Islamic instruments that versions are favored Explains Raja Tie auspicious President of the International Islamic Market Malaysia Stock Exchange: Islamic instruments that versions are favored, at a rate between 5 and 10 basis points Compare Editions conventional bonds in Malaysia, indicating that this is due to the high demand for sukuk by individuals who need money for Hajj, to borrow the Islamic charities, and who can not resort to traditional sources of credit, with a fixed interest rate. , At a rate ranging between 5 and 10 basis points, compared to versions conventional bonds in Malaysia, indicating that this is due to the high demand for sukuk by individuals who need money for Hajj, to borrow the Islamic charities, and who can not resort to sources conventional loans, with a fixed interest rate.

The Deputy Minister of Finance of Malaysia, Ahmad Husni Mohamad Hanadzlah, speaking before a gathering of concerned Islamic finance in Kuala Lumpur last month, that “Islamic finance has proven to be flexible and is immune in the face of cancerous tumors in the underlying credit products, which was the primary cause of the credit crisis.

Source : almokhtsar