In Ukraine will shortly open the branches Islamic banks which will work according to Shariat principles – with no interest. At the conference which took place on October, 14-16, in Kiev, in "Al-Hayat" hotel, organized by the company UDC Holding it was declared about the opening of "Islamic windows" where the finance will work by the Quranic principles.
Among the participants of the conference there were the representatives of the Arabian companies-investors working in various spheres of business, and also the Ukrainian companies interested in business cooperation with the Arabian partners, informs Islam for all referring to the site of UDC Holding.
Islamic laws impose a ban for loan interest and speculative income, therefore Islamic banks do not give credits at interest and do not charge them on contributions, the profit is achieved by the partner program when the creditor and the borrower act on equal terms, equally dividing risks of the enterprise.
"If someone needs a car, a bank firstly buys it for itself, and then with the margin it sells the car under the leasing scheme to the client, thus the bank leaves a difference to itself", Abultef Nidal, the head of the press centre of the embassy of Kuwait comments for UBR, states .
Islamic banks have enough means to serve clients during crisis, the financiers say, only here each operation connected with purchase and sale of property will be additionally taxed. If not to change the legislation, services will appear to be too expensive.
In Ukraine only one bank agrees to render some services according to the laws of Shariat. "In the bank there will be opened an "Islamic window" i.e. some services of Islamic character. The bank classically aspires to get profit and to return its means back, thus the Islamic bank acts as a partner - it invests in the project", Leonid Bogdanov, the general director of UDC Holding, comments.
UDC Holding is the first Ukrainian company which wishes to correspond to norms of Shariat and successfully works over business cooperation development between Ukraine and the Arabian countries. One of the projects of the given direction is the web-site Arabia-ukraine.com, devoted to business partnership between Ukraine and the Arabian world which becomes platform for the development of communications between the countries.
Nowadays Islamic banks operate in 40 countries of the world, however, from the western countries, only in Britain there is adapted legislation, on turn are Italy and France.
By different estimations the capital of Islamic banks totals trillion of dollars, therefore there are a lot of wishing to entice this money themselves.
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