Sunday, May 31, 2009

Reservation about Islamic banking

Users of Islamic financial services say that Islamic Banking is only a change of name.
Some say they charge fee on the loan they give out which is as equal to the Interest other banks charge. So Islamic banks charging interest and giving it a name as profit. It seems the same thing as interest.


People expected Islamic Banking revolutionize the industry and take on a form of its own.

However, to the passerby, Islamic Banking appears to operate and give the similar sort of returns that Conventional Banking does, leading people to believe that Islamic banking is just another form of Conventional Banking.

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