Mr Ali get retired person from his private job as Head of Finance. As he was attached with conventional finance field throughout his carrier, he was very keen to know the basis of Islamic finance and Islamic banking to clear his misconception that both finance system (conventional system and Islamic system) are same. He had some amount to invest in bank. So for this purpose he entered in one branch of Islamic banking to clear his understanding regarding the Islamic banking and gain the knowledge of Islamic product of liability (deposit) side. Required: 1) Assume you are branch manager of that particular branch, so what are some basics misconceptions and frequently asked questions regarding Islamic banking you will discuss with Mr. Ali for clearing his concept. 2) Discuss deposit side products in detail with Shariah requirement of underline contract, profit and loss mechanism and where the Islamic banks invest these deposits.
Mr Ali get retired person from his private job as Head of Finance. As he was attached with conventional finance
field throughout his carrier, he was very keen to know the basis of Islamic finance and Islamic banking to clear his
misconception that both finance system (conventional system and Islamic system) are same. He had some amount
to invest in bank. So for this purpose he entered in one branch of Islamic banking to clear his understanding
regarding the Islamic banking and gain the knowledge of Islamic product of liability (deposit) side.
Required:
1) Assume you are branch manager of that particular branch, so what are some basics misconceptions and
frequently asked questions regarding Islamic banking you will discuss with Mr. Ali for clearing his
concept.
2) Discuss deposit side products in detail with Shariah requirement of underline contract,
mechanism and where the Islamic banks invest these deposits.
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