The legality of banking awards

Authors

  • Laila Ali Al-Khafaf Princess Noura bint Abdul Rahman University | Riyadh | Kingdom of Saudi Arabia

DOI:

https://doi.org/10.26389/AJSRP.L300418

Keywords:

awards, Islamic banks, Islamic economy

Abstract

Banks came and prizes to be the alternative to the RIBA and took the verse (and solve Allah sale deprived RIBA) banking transactions logos, refrained from dealing with RIBA, taking and giving, and opened the doors to disciplined financial transactions rules of Sharia, which looms A promising future with the permission of Allah almighty. We should encourage and support Islamic banks and found errors and lapses, and therefore can strengthen Islamic banks fork and then measuring the foundations of Islamic economic system that rewards offered by Islamic banks are the expenses or prizes in cash or in kind

Author Biography

  • Laila Ali Al-Khafaf, Princess Noura bint Abdul Rahman University | Riyadh | Kingdom of Saudi Arabia

    Princess Noura bint Abdul Rahman University | Riyadh | Kingdom of Saudi Arabia

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Published

2018-07-30

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How to Cite

Al-Khafaf, L. A. (2018). The legality of banking awards. Journal of Economic, Administrative and Legal Sciences, 2(9), 128-118. https://doi.org/10.26389/AJSRP.L300418