Objectives of Islami banking

Objectives of Islami Banking:

1.  Providing banking services of the highest standards according to Islamic Shari'ah without dealing in Riba by using the state of the art technology in computer, telecommunication and information system.


2. Investing fund prudently to achieve optimum profits for the mutual benefit of customers and the bank.

3. Coordination, cooperation and integration with other financial bodies that apply Islamic Shariah in their dealings, in order to support creating a base and regulations for an Islamic financial system.

4. Development of the Islamic society in all fields of the economy by investing in industries, agriculture, commerce, and real estate in order to provide job opportunities.

5. Promotion of social benevolence through its Islamic methods, particularly through Zakah.

6. Contributing to the welfare of society in line with the five main tenets of Islam, namely protection of life, purity of mind, property, honour and social justice.

7. Promoting the savings habit and encouraging people to invest wisely within the parameters of Islamic Shariah through investment and finance instruments to suit individual requirements.

8. Making available the necessary capital for entrepreneurs for the establishment of economic projects and creation of alternative instruments for finance according to Islamic Shariah.