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Modern Islamic Banking Printed From: IslamiCity.com Category: Religion - Islam Forum Name: Islamic Finance Forum Discription: Islamic Finance URL: http://www.IslamiCity.com/forum/forum_posts.asp?TID=22644 Printed Date: 19 June 2013 at 3:13pm Topic: Modern Islamic Banking Posted By: Ohmarski Subject: Modern Islamic Banking Date Posted: 09 February 2012 at 1:11am Islamic Banking to succeed should be a combination of the operation of Islam's Baytul Mal and the Western Banking System, i.e., The Islamic Bank should be financed or funded by Zakat, Sadaqa, and depositors (those who keep their money in the Islamic Bank to be withdrawn sooner or later without interest); then the Islamic Bank should then help the people through lending/loans (without interest). This Islamic Bank should be operated or run by the Government so that all the money of the Islamic Bank is owned by the Government, and the Government is responsible to the Islamic Bank. The projects of the Government would be financed by the Islamic Central Bank. This way, the government is watched by the people closely, and corruption is removed from the government. This is the Islamic Government.

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