Mature and Significant Link between Islamic & Conventional Banking
Salman Saeed
Abstract
Basically a jointly shared goal of the banking system is to serve the humanity for their needs that leads towards
their betterment of the persons individually, a family, vicinity, society and the economy of the countries as a
whole. It is mutually consensus by the think tanks globally that the past experiences now paved the way to
redesign the policies for economic development as this proved from the researches about Natural and Social
Sciences. Currently banks are designing number of services to boost up the wellbeing of the populations in which
they are operating. All these services/products are essentials to everyone’s routine life without any discrimination
at all. Hence the banking industry are repeatedly trying to introduce distinct services/products in different ways to
the earlier or existing ones for the future according to the requirement of their customers/societies needs that
fulfills and satisfies them. However, due to the proliferation of various types of banks a common man who is
believer of any revealed religion including Islam, Christianity and Judaism or any other is very much in a state of
confusion. On one hand is the very cherishing dream of development while on the other hand is faith. So these
developments lead to the question among the peoples over two kinds of banks (Islamic and Conventional). I want
to discuss that what are the similarities and differences between these if there are, and how big are these?
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