Research Methodology In The Rules (Of Syariah Law) Of Commerce In Islamic Banking

Islamic banking is a new phenomenon which began with the establishment of an Islamic bank on 25th of June, 1963 in Egypt. The bank was named Mit Ghamr Local Saving Bank. Later it was followed by teh establishment of several Islamic banks during the 1970's. This means that in a period of 39 years it is still considered to be recent, in comparison with larger banks such as J.P. Morgan and other banks which have existed for hundreds of years. it is not impossible that Islamic banking can achieve success because from an analysis of Islamic investments worldwide the growth is estimated to be about 15% to 20% a year. It is estimated that the Islamic banking sector worldwide manages a total of assets worth 100 billion to 150 billion. Reflecting perhaps on the money of Muslims kept in conventional banks, then it is not surprising, if God wills, Islamic banks will advance and become more succesful. As an example in this country there are 3 Islamic financial institutions, TAIB(1991), IBB(1993) and IDBB (2000) can manage to garner nearly 30% of the total assets of banking imdustry in this country. Paperback Malay Ai ZBZ Printing & Stationery Enterprise 2012