Welcome

By : Yusuf (Seer) Banking is a fundamental part of our everyday lives, and it plays an essential role in the economy. There are two main banking systems: Islamic banking and non-Islamic banking. Islamic banking is based on the principles of Sharia law and is designed to cater to the needs of Muslims. On the other hand, non-Islamic banking, also known as conventional banking, is primarily based on interest-based transactions. While both systems share similarities, there are fundamental differences between them. In this article, we will explore the differences between Islamic and non-Islamic banking, including their principles and practices, products and services offered, contractual and legal frameworks, risk management, social responsibility and ethical values, growth, and future prospects. Introduction to Islamic and Non-Islamic Banking There are two types of banking systems that exist in the world today - Islamic banking and non-Islamic banking. While non-Islamic banking is the