Contrary to conventional financial system, Islamic financing principles are based on transparency, equality, full disclosure, fairness and right of ownership besides sharing the success and adversities. Islamic financial parameters do not provide room for any form of deceit, ambiguity, corruption, non-transparency, greed or abuse.

Certainly, only a financial system with such noble values can keep at bay any economic adversity in a society, and is bound to create equal opportunities towards economic prosperity for one and all with high moral values and dignity. General Development Bank has been a pioneer in effective implementation of the said noble principles. It has all-encompassing skills and expertise to provide complete end-to-end solutions in the areas of Islamic banking, Takaful, Sukuk, Funds, Trusts, Sharia complying services.

The contracts in Sharia are primarily of two types:

A: Investment contracts:Three basic type

• Mudaraba (Fund management)
• Musharaka (partnership)
  
• WakalaIstithmar (Investment Agency)
  

B: sale contracts: Six basic types

• Bai Mutalq( sale on cash Basis )
  
• Bai Muajjal( sale on deferred Basis )
  
• Murabaha( sale with profit )
  
• Istisna( build / manufacture )
  
• Ljara( leasing )
  
• Salam ( sale of ‘ Described ‘ commodity )