Islamic Banking VS Conventional Banking

Islamic banking is same like conventional banking. This is statement of majority. However, they both have difference. it is not like " hold ear from one side or another side, both are same". Islamic banking is imperceptive by majority. This blog will remove misconceptions about Islamic finance. You may see video and subscribe my channel " IBF Club" where many videos relating to products of Islamic banking are described with comparison of conventional banking products. Now decision is yours either you support Islamic banking in this level or not. Islamic banking is not too old as conventional banking which have strong roots in economic system of all countries. If we really want get rid from interest based system then we have to support to Islamic banking by opening account in Islamic banking branches or spreading awareness or getting education in this field and switching jobs from conventional to Islamic banking branches. These all are efforts which require for promoting Islamic financial system. I accept that Islamic banking is not fully Islamic due to obstacles they are facing in competitive environment of banking sector. They need support in this initial level. They will grow in future and come toward fully Islamic based functions, operations, and products. 



Comments

Popular posts from this blog

Machine learning models in Pakistan agricultural data

Artificial intelligence in all departments of insurance companies

Machine learning in Health Insurance