HOW ISLAMIC BANK MAKES MONEY – Hj Razli Ramli (IBFIM)
Teringat saya pada kunjungan ke luar negara satu masa lalu, ada satu soalan yg straight forward telah disoal kpd saya.
“With no interest charge to your customer, how does your bank make money to survive?”
1. We “buy and sell” with our customer.
2. We “joint venture” together with our customer to venture in projects.
Profit we share.
3. We serve our customer financial needs.
Service fee, we earned.
But when we give “loan” to our customer, we never take more than the principal amount of loan.
Because any extra amount paid from the loan is the interest which is against the law.
Allah knows best.