How is Islamic banking different from commercial banking?

Question

Zeeshan Ahmed · Answer

The main difference between two is interest (Riba). Interest (Riba) in Islam is prohibited (Haram) in Islam. Therefore Islamic finance based on profit/loss sharing basis just like bussiness of Modern Corpoation based on Capital.

fadi amer · Answer

please see this link

http://www.ijbssnet.com/journals/Vol._2_No._2%3B_February_2011/20.pdf

مستخدم محذوف‎ · Answer

Islamic Banks have a Fatwa Committee in which all banks products and services need to approved as per Islamic or Share'ah

خدمات بيت.كوم

استخدم تطبيق بيت.كوم

ابدأ بالتواصل مع الأشخاص وتبادل معارفك المهنية

How is Islamic banking different from commercial banking?

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