Vol. 2 No. 9 (2018)
Open Access
Peer Reviewed
Journal of Economic, Administrative and Legal Sciences

The legality of banking awards

Authors

Laila Ali Al-Khafaf

DOI DOI

10.26389/AJSRP.L300418

Published:

2018-07-30

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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

Keywords:

awards , Islamic banks , Islamic economy

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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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