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The end result of Islamic Banking and Conventional Banking is the same. Why do they appear similar?

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Question added by Bassem Al-Ahmad , Financial Director , ADR
Date Posted: 2014/03/23
Islam Abd El Aziz
by Islam Abd El Aziz , Chief accountant , M.A.Kharafi & Sons

cause both finally  offer same  product & gain profit for islamic bank or intrsest for conventional bank  but  big diff. between them that islamic bank consider the product in his own & has full controll of it to sell it to u or not & once decide to sell it to u bank takes his profit but other one know that this product for customer  but bank facilitate this process as firm has the authority for global trade & take his intrest against this services . this is big diff. between sale & Ribaa

ذَلِكَ بِأَنَّهُمْ قَالُوا إِنَّمَا الْبَيْعُ مِثْلُ الرِّبَا وَأَحَلَّ اللَّهُ الْبَيْعَ وَحَرَّمَ الرِّبَا "

Adnan Ameen Bakather
by Adnan Ameen Bakather , Founder & Managing Director , Consult & Perform

Good question!  the end is not the problem but HOW we get there... CAN you see the the different between HALA meat and NON-Halal meat.

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