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What is Islamic vs Conventional Banking Explained about?

This document provides information on the key differences between banking and finance as well as between conventional and Islamic banking systems. Banking focuses on managing day-to-day transactions like deposits and loans, while finance encompasses a broader range of services like insurance, investments, and financial research. Banking is highly regulated compared to finance. Islamic banking principles emphasize risk-sharing and forbidding interest, while conventional banking aims to maximize profits and h

Author

Ayesha Hamid

Language

EN