Islamic banks are money-related intermediaries that buy shops and act like regular banks by offering interest-free services, including opening current accounts, issuing letters of credit , holding important objects, exchanging reserves, issuing letters of insurance, warehouses and various services offering upon payment of an installment of expenses. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay We can divide Islamic banking contracts into two groups: a) risk-side contracts and b) resource-side contracts. The bond-side contracts contain two sub-collections: a) Qarz (zero-interest credits); and b) Wakala (organization contracts). The Shariah legal structure characterizes a Qarz as a transitory exchange of property in favor of the borrower which must not involve any interest issues, expressed in the terms of the agreement. Be that as it may, the remuneration not foreseen by the loan specialist is recognized and anticipated. In Wakala get, the bank acts as the taxpayer's operator for a specific fee. To avoid the “principle-specialist” issue, a bank's capital is combined with its investors' funds. Remember that investors in Islamic banks resemble investors, who are legally qualified to withdraw their capital in cash from a record. On the positive side, the structure of Islamic contracts fixates on the idea of ​​benefits and alludes to the financing of real resources. The statutory system of Islamic credit bureaus provides two classes: participatory modes, which depend on the sharing of benefits and misfortunes; and methods of assuming obligations, which depend on the established tariffs. The income of an Islamic bank generally includes "expenses and commissions" and "salary in exchange. Islamic banks are multi-purpose organizations. They perform the tasks of commercial, venture capital and improvement banks. In view of its resources, a Islamic banking is associated with here and now activities simply as an investment bank or participates in medium and long term speculations simply as a progress bank or a non-banking budget foundation believes that Islamic banks contribute to the improvement of 'whole company fact that obtaining an advantage is imperative, it is not the main objective of finance in Islamic banking. An Islamic bank focuses on recognizing financial objectives without violating Shariah law. Islamic banking system depends on procuring term deposits with unverifiable interest rates and then, for taxpayers, to combine these assets with their own to offer positions to candidates with a view to agreements with certain or indeterminate benefits. Inevitably, they share the benefits recognized according to the agreement between the bank and the investors. An Islamic banking framework is presumed to conform to high qualities. Despite current reviews conducted in ordinary banks, an Islamic supervisory board typically reviews Islamic banks to ensure their compliance with Shariah law while absorbing assets and engaging in speculation; however, this may vary across countries. A partnership contract between the capital provider (Rabb-Al-Mal) and a businessman (Muḍarib) whereby the capital provider contributes cash flow to an enterprise or movement that the business visionary will oversee . They share the benefits that the effort or movement creates according to the rate determined in the agreement, while exclusively the capital provider assumes the misfortunes, unless the misfortunes are due to transgressions,.