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Comparison between conventional and islamic banking. Interest in completely prohibited in islamic banking. Conventional banks aim to maximize returns and minimize risk. Basic differences between conventional and islamic banking modes of finance. Chapter one general introduction 1 1 background to the study this study is undertaken to understand the concept and features of islamic banking and conventional banking the similarity and differences between the two systems and their economic implications.
Similarities and differences between islamic banking and conventional banking 974 words 4 pages. Islamic banking is an ethical banking system and its practices are based on islamic shariah laws. Conventional banking conventional banks only have one mode of financing for its customers and that is loan. Fundamentally the difference between islamic banking and conventional banking is that the idea fairness to the clients is theoretically focused on the idea of islamic banking itself.
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