IBB meaning in Business ?

Answer:

What is Islamic Bank mean?

Islamic banking or Islamic finance (Arabic: مصرفية إسلامية‎) or sharia-compliant finance is banking or financing activity that complies with sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include Mudarabah (profit-sharing and loss-bearing), Wadiah (safekeeping), Musharaka (joint venture), Murabahah (cost-plus), and Ijara (leasing).

The Qur'an prohibits riba, which literally means "increase". Technically riba is the increase when liquid or fungible assets (cash, debt, grains, etc.) are exchanged other than at par value. The most prevalent example in today's economy is lending money at interest, for example an exchange of $100 cash now for $110 payable in a year's time, an increase of $10 (some Muslims dispute whether there is a consensus that interest is equivalent to riba). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also haraam ("restricted, or excluded").

These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revival of Islamic identity, a number of Islamic banks formed to apply these principles to private or semi-private commercial institutions within the Muslim community. Their number and size has grown, so that by 2009, there were over 300 banks and 250 mutual funds around the world complying with Islamic principles, and around $2 trillion was sharia-compliant by 2014. Sharia-compliant financial institutions represented approximately 1% of total world assets, concentrated in the Gulf Cooperation Council (GCC) countries, Pakistan, Iran, and Malaysia. Although Islamic banking still makes up only a fraction of the banking assets of Muslims, since its inception it has been growing faster than banking assets as a whole, and is projected to continue to do so.

However, it has also been criticized for failing to develop profit and loss sharing or more ethical modes of investment promised by early promoters, and instead selling banking products that "comply with the formal requirements of Islamic law", but use "ruses and subterfuges to conceal interest", and entail "higher costs, bigger risks" than conventional (ribawi) banks.

reference

Full Form	Category
Institute of Bioinformatics Biotechnology	Academic & Science
Islamic Bank of Britain	Banking
International Book Bank	Banking
Installed Base Business	Business
Islamic Bank	Business
International Business baccalaureate	Business
Inter Branch Banking	Business
International Business Bridge	Business
Indonesian Beauty Blogger	Community
In Band Bytestreams	Community
Inner Bump Bonding	Computing
Internet Backbone	Computing
Interactive Broadband	Computing
Internet Based Business	Computing
Internet Business Breakthrough	Computing
Internet Bug Bounty	Computing
I-Business Banking	Computing
Instytut Biochemii i Biofizyki	General
Instituto Buena Bista	General
International Brotherhood of Boilermakers	General
Ibrahim Badamosi Babangida	General
Ideal Best Balance	General
Industrial Building Branch	General
Inter Building Backbone	General
Incentive Based Budgeting	General
Interest Based Bargaining	General
Iowa Biodiesel Board	General
Importin Beta Binding	General
Integrated Broadcast Broadband	General
Ibrahim Badamasi Babangida	General
Irvine Beatties and Bresnahan	General
Institut de Biotecnologia i Biomedicina	General
I Be Bangin	General
Ill Be Back	General
Instrumentation and Biophysics Branch	Governmental
Institute of Biostructure and Bioimaging	Governmental
Institute of Bankers Bangladesh	Governmental
Institute for Bioengineering and Bioscience	Governmental
İstanbul Büyükşehir Belediyesi	International
International Baban Barawo	International
Istanbul Büyüksehir Belediyesi	International
International Buccaneer Buddies	International
International Brain Bee	International
International Broadcasting Bureau	Military and Defence
Itty Bitty Block	Networking
Institute of Biochemistry and Biophysics	Physics Related
In Baseball Box	Sports
Intentional Base On Balls	Sports
Institute for Biotechnology and Bioengineering	Technology