Al Masraf Islamic Banking Services
Chairman of The Committee
Committee Member
Committee Member
Islamic Banking FAQs
The main sources of Islamic Sharia (law) are the principles and teachings of the Holy Quran and the practices and teachings (Sunna & Hadith) of the Holy Prophet Mohammed (PBUH).
Islamic banking is a fast-growing phenomenon in the global financial markets. There has always been a demand among Muslims for financial products and services that conform to the Sharia (Islamic law). In response to this demand, several banks worldwide have begun offering products and services that comply with Sharia.
Rather than relying on interest to generate wealth, Islamic banking is unique in that it supports individuals and businesses in building tangible, appreciating assets. This not only leads to prosperity founded on a solid economic base but also inspires the spirit of entrepreneurship amongst its customers. Islamic banks are based on the unique concept of profit-and-loss sharing with customers through various Sharia-compliant financing and investment instruments.
The main difference between Islamic and conventional banking is that Islamic banks prohibit interest. Unlike conventional banks, Islamic banks disallow lending money for interest but rather promote trade (buy and sell) transactions and partnerships. In Islamic banking, wealth is generated through legitimate trade and investment. Any gains from this trade are shared between the person providing the capital and the person providing the expertise.
Al Masraf is a customer-driven financial institution, and we provide Islamic products to meet our clients' genuine financial needs.
Bank anytime, anywhere with our Online Mobile Banking platform, providing secure 24/7 access to your account. Manage and keep track of your finances with ease: pay bills, make secure transfers,manage your cards, all in one place.
Copyright © 2026 All rights reserved. Arab Bank for Investment & Foreign Trade
(Public Joint Stock Company), licensed & regulated by the Central Bank of the UAE.
Last updated at 11/09/2026 07:16:11 PM
App Store
Google Store