Our vision
- The Humanity is bound, in any place and at any time, to refer to the basic rules: Law, or basic duty, which is the set of fundamental rules as issued by human rights ant international law - duly authenticated. In both, there are also a variety of topics such as taxation, public expenditure, interest, landed property, natural resources, wage rates or also finances.
- The interest and income provided by the virgin lands or natural resources are considered. Prosperity of the individual must not result from an "unjust enrichment" but it must be the result of a transaction, thus a personal activity and efforts. We recognizes the right to private property provided that the owner of these natural resources use them productively.
- Characteristics of our financial institutions
- Thus the bank, in the society, must be limited to its essential role as an outlet for savings and investment designer. The bank will prefer to systematically associate with its customers in profitable operations rather than to lend its funds to them. The emphasis on acquisition of holdings affects the very nature of banking techniques and involves the essential existence of a department responsible for evaluation of projects.
- The characteristic of funding financial institutions lies essentially in three aspects :
- it encourage participation;
- they use funding methods very little known by conventional banks and very rarely experienced.
- partnership system requires both parties to go through all the risks while sharing profits and losses,
- and this considering the objectives which are assigned to them and that can be summarized in three points:
- promote and encourage compliance with the principles, legal laws and traditions in the world of finance, banking and similar business sectors by creating and managing investment Modarabas (see below).
- offer modern financial services to all People of the sub-region enabling them to carry out financial transactions while respecting the instructions of International law.
- help the Human community of the sub-region in the collection and use of resources necessary for real economic development while respecting the Human rights principles.
- System banking proposes two forms of investment :
- either DIRECT, by which it handles capital investment in the projects which bring in a dividend to it.
- Or by PROFIT SHARING where it takes part in the capital of a production company as a partner both in investment and in management. In this specified case, the bank shares the risks with the client while sharing profit according to an agreed percentage in the profits as in the losses.