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Credit Cards and their Role in the Banking Foliation "Case Study"
Received Date | Revised Date | Accepted Date | Publication Date |
18/8/2016 | 10/9/2016 | 28/9/2016 | 20/10/2016 |
Abstract
The built-economic fields on the legal of contracts outlined by the Islamic law of are considered the most important areas of the interaction between people, though the beholder in our time notes the evolution of contemporary financial transactions, it has the technical and modern digital computing entered into these transactions significantly, as a result of this development appeared in the international banks This development reflected itself on the shaped credit. As it developed the systems and regulations in the Western societies on the basis of the capitalist economy cards. These new tools have played a prominent role in various financing sectors; starting to provide simple services to give a short credit or long-term, Actually, this organized foliate operation what you are doing some Islamic banks are dong to conduct some banking transactions through these cards in order to provide funding for the holders through operations foliate organizer, this paper presents two models of these cards that enabled the client to obtain bank credits.
Keywords: Foliation banking, credit cards, Islamic banks
How To Cite This Article
Ababneh , O. Y. A. (2016). Credit Cards and their Role in the Banking Foliation "Case Study" . Global Journal of Economics and Business, 1 (2), 67-88, 10.12816/0035517
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