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There are a number of banks having different styles and perceptions of operating in a particular business and social environment.... The research presents a thorough analysis of the basic difference between Islamic and conventional financing methods through literature analysis and effective research methods.... The primary research collected from respondents helped in understanding their views and opinions on Islamic and conventional financing methods....
29 Pages
(7250 words)
Research Paper
Studies comparing the performance of Islamic banks and conventional banks during the 2008 global financial crisis suggests that Islamic banks were more efficient,3 more profitable or more stable.... Whether or not Islamic banks were more stable, or simply avoided the direct effects of the global financial crisis 2008, all indications are that Islamic banks apparently outperformed conventional banks during the global financial crisis.... Given the differences in risk taking and discipline in conventional banking and Islamic banking and differences in performance during the global financial crisis 2008, this research paper investigates whether or not Islamic banking systems provides a model of banking that would have averted prevented the global financial crisis of 2008....
49 Pages
(12250 words)
Dissertation
As of 2008, there were five “stand-alone” Islamic banks in the UK and more than 20 conventional banks offering Islamic products.... In addition, conventional banks have shown an increasing willingness to offer Islamic banking and financial products and services.... In general Islamic banks operate with a higher level of discipline and under a tighter Islamic financing was first introduced in the UK in 1990 and has since developed to such an extent that the UK hosts the largest share of Islamic assets (valued at US$18 billion) among all Western countries and is eight worldwide....
17 Pages
(4250 words)
Essay
Therefore, this paper describes some of the common differences between Islamic and conventional banks (Ali, 2005).... Despite these existing trends, little academic evidence and research on the functioning of Islamic banks is recorded.... With the establishment of its operational foundations a few decades ago, the banking model acted as a major vehicle that offer products similar to convenient banks.... Numerous academic research and literature have gone further to establish the viability of these types of banks in dealing with finances....
12 Pages
(3000 words)
Research Paper
The paper "Difference Иetween Islamic and conventional banks" discusses that the bank is known as customer-centric and achieved prominence as Islamic Banking gains impetus as a viable and sustainable proposition, side by side with conventional banking.... On the other hand conventional banks in the GCC region such as HSBC (Middle East), National Bank of Abu Dhabi (UAE), mainly functions and operates under the manmade principles.... In other words, Islamic finance acquires dimensional variations across a broader spectrum of strategic operational and risk management parameters in comparison to conventional banking....
27 Pages
(6750 words)
Term Paper
The author of this research paper examines the characteristics of Islamic finance by highlighting its key features and comparing with conventional finance.... Furthermore, at the heart of this Islamic framework for forging financial and business relationships, are in general, 'ethical, fair and just practices' (Bank AlFalah, 2007)....
17 Pages
(4250 words)
Research Paper
As widely known, Islamic banks requires strict compliance with Islamic Shariah, mainly based on its fundamental principle of 'prohibition of riba-interest-' whereas interest plays significant roles in making conventional banks competitive in the market.... Islamic banks normally provide almost all services that conventional banks used to offer to its customers except that Islamic banks don't accept or pay interests on lending and deposits and indulge with haram (Prohibited in Shariah) businesses or unethical business practices....
11 Pages
(2750 words)
Research Paper
The working or practice of Islamic banks is explored in the section that follows.... The transactions in Islamic banks do not involve riba or interest.... ntroductionHow Islamic banks work in practiceIslamic banking is banking system which conforms to the ethos, spirit, and value system of Islam and governed by the principles spelt out in the Islamic Shariah.... Islamic banks deal with getting returns through tools of investment that are compliant to the Shariah....
8 Pages
(2000 words)
Essay