DEPOSIT MOBILIZATION IN ISLAMIC BANKING

Abstract

Deposits are the main source of financing of commercial banks, merchant bank, finance companies and discount houses based on the license granted by the Central Bank. Can be either cash deposits, claims, or money, such as checks that are placed in the accounts of depositors, bank loans or money from investments. Depositors are, in essence, the economic surplus units, such as families, companies and investors, the government  Thus, banks can and stay alive without a job and deposits are also the use of funds collected for the purpose of lending. Deposits and savings is crucial for a country to develop and they can indirectly help to support the improvement of standard of living of people

 Mobilization of funds from surplus units to save the economy is an important task of financial intermediaries. Financial intermediary attempts to achieve this goal by creating and selling a variety of financial products to suit the needs of the rescue unit surplus. Screen Muslims in some ways different. While the requirements relating to, return liquidity and maturity, stability and safety and the like are important for him or her, and stop a Muslim has a unique concern, an issue of Sharia compliance. Islamic deposit products do not allow the swap of the question of Sharia compliance. Participating Islamic banks to mobilize savings from this unique collection of savers by offering products compatible with Islamic law.