Islamic Banking Sector and Conventional Banking Sector

Get Expert's Help on FIN20013 Banking Operations and Governance Finance

Islamic Banking Sector is not that famous among non-Muslims, some of them do not have a clue what does this sector refers to. Not only non-Muslims but Muslims are confused regarding the sector, they don’t understand how does this sector conducts its banking functions among its customers. There isn’t a concise meaning of the word Islamic Banking, Islamic Financial banking or its products. The Shariah Boards all around the world has a main role in raising awareness about the knowledge of Islamic Banking sector. The individuals in should be correctly educated about how the Islamic Banking sector functions, what is allowed and what is not while borrowing or lending.

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