Conventional Banking and Islamic Banking

Conventional Banking and Islamic Banking : When you look and read at this post tittle whats in your mind? yes, i think our mind will say that the title is about two contrast banking systems. we all have known from the long time about the conventional banking. its used the modern system and always updated according to market needs. the systems updated by economists and financial experts that the majority of western and not based on religious values. most of conventional banks are rooted and carried by all American and European nations that are easy not to use Islamic law.

And about Islamic Banking we think its the new term in our ears. Islamic banking is banking and financial that used an Islamic system in operational. in fact, this islamic banking system has long been exemplified in the time of the prophet Muhammad s.a.w. that spread throughout the country. with the increasing number of people who are sympathetic and embraced Islam, Islamic banking system is increasingly recognized and increasingly required. even now there are much countries with a big Muslim populations. almost in every place around the world today there are Muslim.

So, presence of Islamic banks has become a necessity, so that when this starts a lot of birth banks applying sharia in many countries around the world.


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