Ahmad Elnaggar (Arabic: أحمد ألنجّار ) is the economist who pioneered the formation of the Islamic Banking[1] system by setting up the Mit Ghamr Savings Bank in Egypt in 1963.[2][3][4]
This took the form of a savings bank based on profit-sharing in the Egyptian town of Mit Ghamr. The experiment lasted until 1967, by which time there were nine such banks in the country. These banks, which neither charged nor paid interest (or riba in Islamic terminology), invested mostly by engaging in trade and industry, directly or in partnership with others, and shared the profits with their depositors.[4] Thus they functioned in essence as saving-investment institutions rather than as commercial banks. Subsequently, The Nasir Social Bank, established in Egypt in 1971, was declared an interest-free commercial bank, although its charter and title made no reference to Islam or Sharia, for fear of being seen as a manifestation of Islamic fundamentalism which was anathema to the ruling regime of Egypt at the time.[2]
^Ayub, Muhammad (2009). Understanding Islamic Finance. John Wiley & Sons. ISBN 978-0470687710. Retrieved December 9, 2017.
^ abVisser, Hans (2009). Islamic Finance: Principles and Practice. Edward Edgar Publishing. p. 94. ISBN 978-1848449473. Retrieved December 9, 2017.
^Hossein, Askari; Mirakhor, Abbas (2011). New Issues in Islamic Finance and Economics: Progress and Challenges. John Wiley & Sons. ISBN 978-1118179642. Retrieved December 9, 2017.
Ahmad Elnaggar (Arabic: أحمد ألنجّار ) is the economist who pioneered the formation of the Islamic Banking system by setting up the Mit Ghamr Savings...
American Democratic politician AhmadElNajjar, Egyptian economist Ammar Al-Najar (born 1997), Saudi football player Fadel Al-Najjar (born 1985), Jordanian professional...
the Jordanian Armed Forces Fadel Muhammad, Indonesian politician Fadel Al-Najjar, Jordanian basketball player Fadil Husayn Salih Hintif, Yemeni extrajudicial...
Ahmad ibn Hanbal (Arabic: أَحْمَد بْن حَنْبَل, romanized: Aḥmad ibn Ḥanbal; November 780 – 2 August 855) was a Sunni Muslim scholar, jurist, theologian...
1297/1880) Ahmad Zayni Dahlan Makki (d. 1299/1881) Abd al-Rahman Siraj Makki (d. 1301/1883) Hussayn bin Saleh (d. 1302/1884) Abul-Hussayn Ahmad Al-Nuri (d...
Ahmad Sirhindi (1564 – 1624/1625) was an Indian Islamic scholar, Hanafi jurist, and member of the Naqshbandī Sufi order who lived during the era of Mughal...
Hamza ibn Ali ibn Ahmad (Arabic: حمزة بن علي بن أحمد, romanized: Ḥamza ibn ‘Alī ibn ʾAḥmad; c. 985–c. 1021) was an 11th-century Persian missionary and...
the Muslim world. Ibn Taymiyya's full name is Taqī al-Din Abū al-ʿAbbās Aḥmad ibn ʿAbd al-Ḥalīm ibn ʿAbd al-Salām ibn ʿAbd Allāh ibn al-Khiḍr ibn Muḥammad...
physicist. Ahmad Zaki Pasha, leading Egyptian philologist. Amin J. Barakat, Lebanese-American physician, known for the diagnosis Barakat syndrome. Abbas El Gamal...
(2013) (main role as Yasmine) directed by Zouhair Ahmad Kannou3 Al 'Arrab (2015) with singer Assi El Hellani written by Hazem Sleiman and directed by Muthna...
Husayn Fawzi Al-Najjar (Arabic: حسين فوزي النجار; November 16, 1918 – December 10, 2003) was an Egyptian historian, political scientist, strategist, and...
(Artistic) events were held at Miloud Hadefi Complex Omnisport Arena in Bir El Djir, Oran, Algeria from 7 to 10 July. A total of 13 events were contested...
freely inspired from the same theater play by Lebanese novelist Alexandre Najjar. Musical composition is accomplished by Joseph Khalifeh and Jean-Marie Riachi...
Mohamed Youssef (born 1986), Libyan basketball player Muhammad Youssef al-Najjar (also known as Abu Youssef, 1930–1973), Palestinian militant Ramy Youssef...
manuscript, Habicht and al-Najjar used what they believed to be a Tunisian manuscript, which was later revealed as a forgery by al-Najjar. Both the ZER printing...
conference was chaired by Ahmad ibn Murabit, Grand Mufti of Mauritania. A few days later, Grand Imam of Al-Azhar Ahmed el-Tayeb publicly distanced himself...
was erected. A hagiographical account of him is described in Shams ud-Din Ahmad Aflāki's Manāqib ul-Ārifīn (written between 1318 and 1353). This biography...
Abdelkader (since El Jezairi just means "the Algerian"). "Ibn Muhieddine" is a patronymic meaning "son of Muhieddine". Abdelkader was born in el Guetna, a town...
Global Information