Explain the differences between the profit and interest

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Problem 1: Explain one operational principle of Islamic Bank Musharaka principle - A Partnership where Shariah divides in 2 categories:

A. Sharikat al Mulk - joint ownership of certain properties does not involve joint venture to amalgamate properties concerned
B. Sharikat al aqd- concept of joint exploitation of capital & joint participation in profits & losses: sharikat mal (financial partnership); if based on experience or expertise of partners or workforce partnership is called sharikat a'mal
C. Explain the development of Islamic Banking in Bahrain

Problem 2: Explain the differences between the Profit and Interest.

Problem 3: Explain the differences between conventional and islamic banking in the view of money

Problem 4:  Explain the basic rules of sale

Problem 5: Explain the conditions for murabaha financing

Reference no: EM132966059

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