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Islamic vs Conventional Banking Differences by Abdul Mannan is a document available to read on EtoBox.
What is Islamic vs Conventional Banking Differences about?
The document compares and contrasts Islamic banking/economy and conventional/materialistic banking/economy in three main areas: 1) Islamic banking shares risks with customers while conventional banking aims to eliminate risk and charges interest. Islamic banks share profits and losses with customers as financial partners. 2) The Islamic economy model is based on Sharia principles of risk-sharing and maximizing profits within Islamic guidelines. The materialistic model aims to maximize unlimited profits an
- Author
- Abdul Mannan
- Language
- EN