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Tala'al-Badru 'Alayna Festival Sponsored by Al Baraka Bank

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Takaful visit to albaraka Bank 10-3-2016

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Al Baraka Bank Sponsoring Mtein Afforestation 20-2-2016

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Al Baraka Bank Sponsors Afif al-Tibi Winter Festival 31-1-2016

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Ahmad al-Ghoul Ranks First in the Special Needs Category in Beirut Marathon 25-1-2016

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Al Baraka Bank Holds a Lunche in Honor of Media preventatives 15-1-2016

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   F.A.Q

 
Comparison between Islamic & conventional banks
 

Conventional Banks

Islamic Banks

The functions and operating modes of conventional banks are based on fully manmade principles The functions and operating modes of Islamic banks are based on the principles of Islamic Shariah.
The investor is assured of a predetermined rate of interest. In contrast, it promotes risk sharing between provider of capital (investor) and the user of funds (Moudareb).
Applied rate of interest may vary during the period of the loan Applied profit rate is fixed during the financing period
It aims at maximizing profit without any restriction It also aims at maximizing profit but subject to Shariah restrictions (ethical & Transparent )
Lending money and getting it back with compounding interest is the fundamental function of the conventional banks. Participation in business is the fundamental function of the Islamic banks. No cash lending only application on buying and selling concept.   
Proceeds from penalties to defaulters go to profit and loss account. Proceeds from penalties to defaulters go to  charity
Apply greater emphasis on credit-worthiness of the client. Places greater emphasis on the viability of the projects in addition to the credit worthiness of the client
The status of a conventional bank, in relation to its clients, is that of a creditor to a debtors The status of Islamic bank in relation to its clients is that of partners, investors and trader, buyer and seller.
A conventional bank has to guarantee all  its deposits Islamic bank can only guarantee deposits only against misconducts by the banks or its employees
(3) Regulatory bodies are; Internal Auditors, External Auditors, Banks Control Commission (4)regulatory bodies: Shariaa Auditors, Internal Auditors, External Auditors, Banks Control Commission
   
 
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