Islamic Banking Islamic Banking is a form of financing that draws its mode of operation from the sharia law. The Koran strictly forbids taking interest “ribba” from money lent to someone. It likens taking ‘ribba’ to taking a bribe. Therefore, in Islamic banking, “ribba” is forbidden, but instead banks will share a part of the profits made from monies lent out to businesses. This seems very reasonable to the ordinary person as it allows for a culture of full focus on the business activities to generate profits. Islamic banking has quickly gained popularity around the world and many countries, now…
Pride MicroFinance myPride indeed
Step 1: You produce your savings card Step 2: You place your middle finger on the biometric reader Step 3: You inform teller what you need deposit, withdraw or know balance. To withdraw, you tell them how much, they punch in and alas you have it. No forms to fill. No questions. The system generates a withdraw receipt, you sign on it and you gave your cash. Lady thanks you and says if you have a smart phone please download our app or use Internet banking. Thanks for banking with Pride. Now I have not seen such easy and clear…