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+--- Thread: Islamic bank fiancial reporting (/thread-islamic-bank-fiancial-reporting)
Islamic bank fiancial reporting - asnaneli - 07-20-2006
Assalamua'alaikum w.w.
There is no interest on islamic bank, but depositor will get profit sharing, Can depositor predict the rate of return that they will get based on bank interim reports ?
Base on what information can be predicted ?
- Pracs - 07-21-2006
I am not an expert on Islamic finance, but it depends on all what kind of a product the deposit is in and if (in most cases is) the bank has made it known to its customers what the modalities for their profit / loss sharing is. In case of absence of all such information based on historic trend (of pay offs by the bank) and other factors (inflationary and/or consumer index)this can be accrued.