Bahrain and Islamic banking and finance

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Difference between Bahrain and Islamic banking and finance

Bahrain vs. Islamic banking and finance

Bahrain (البحرين), officially the Kingdom of Bahrain (مملكة البحرين), is an Arab constitutional monarchy in the Persian Gulf. Islamic banking or Islamic finance (مصرفية إسلامية) or sharia-compliant finance is banking or financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic economics.

Abbasid Caliphate

The Abbasid Caliphate (or ٱلْخِلافَةُ ٱلْعَبَّاسِيَّة) was the third of the Islamic caliphates to succeed the Islamic prophet Muhammad.

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Bank

A bank is a financial institution that accepts deposits from the public and creates credit.

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Financial crisis of 2007–2008

The financial crisis of 2007–2008, also known as the global financial crisis and the 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s.

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Gulf Cooperation Council

The Cooperation Council for the Arab States of the Gulf (مجلس التعاون لدول الخليج العربية), originally (and still colloquially) known as the Gulf Cooperation Council (GCC, مجلس التعاون الخليجي), is a regional intergovernmental political and economic union consisting of all Arab states of the Persian Gulf except Iraq.

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Islam

IslamThere are ten pronunciations of Islam in English, differing in whether the first or second syllable has the stress, whether the s is or, and whether the a is pronounced, or (when the stress is on the first syllable) (Merriam Webster).

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Islamism

Islamism is a concept whose meaning has been debated in both public and academic contexts.

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Kuwait

Kuwait (الكويت, or), officially the State of Kuwait (دولة الكويت), is a country in Western Asia.

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Middle Ages

In the history of Europe, the Middle Ages (or Medieval Period) lasted from the 5th to the 15th century.

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Muhammad

MuhammadFull name: Abū al-Qāsim Muḥammad ibn ʿAbd Allāh ibn ʿAbd al-Muṭṭalib ibn Hāšim (ابو القاسم محمد ابن عبد الله ابن عبد المطلب ابن هاشم, lit: Father of Qasim Muhammad son of Abd Allah son of Abdul-Muttalib son of Hashim) (مُحمّد;;Classical Arabic pronunciation Latinized as Mahometus c. 570 CE – 8 June 632 CE)Elizabeth Goldman (1995), p. 63, gives 8 June 632 CE, the dominant Islamic tradition.

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Organisation of Islamic Cooperation

The Organisation of Islamic Cooperation (OIC; منظمة التعاون الإسلامي; Organisation de la coopération islamique) is an international organization founded in 1969, consisting of 57 member states, with a collective population of over 1.3 billion as of 2009 with 47 countries being Muslim Majority countries.

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Qatar

Qatar (or; قطر; local vernacular pronunciation), officially the State of Qatar (دولة قطر), is a sovereign country located in Western Asia, occupying the small Qatar Peninsula on the northeastern coast of the Arabian Peninsula.

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Quran

The Quran (القرآن, literally meaning "the recitation"; also romanized Qur'an or Koran) is the central religious text of Islam, which Muslims believe to be a revelation from God (Allah).

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Ramadan

Ramadan (رمضان,;In Arabic phonology, it can be, depending on the region. also known as Ramazan, romanized as Ramzan, Ramadhan, or Ramathan) is the ninth month of the Islamic calendar, and is observed by Muslims worldwide as a month of fasting (Sawm) to commemorate the first revelation of the Quran to Muhammad according to Islamic belief.

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Reuters

Reuters is an international news agency headquartered in London, United Kingdom.

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Saudi Arabia

Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula.

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