bai salam is an arabic term means advance payment and deffer delivery. there is no difference between islamic bank and conventional bank bai salam, bec if they will finance on bai salam basis they have to fulfill the all requiremets of the islamic law.
In term of risk of investment, Islamic banking provide more security
There are many problems to Islamic banking in Pakistan as compared to conventional banking system. There is no legal framework, lack of professionals, no central bank, to educate the people about Islamic banking to increase Islamic finance in the market,innovation and new technology and experience .fiqa problems educated scholars are required to compete conventional banking in Pakistan
Devon Bank is a conventional bank that offers Islamic financing products. Its Islamic products have been reviewed by a number of scholars and are considered by many to be the best available in the U.S. in terms of their Shariah compliance. The products primary Shariah review has come from The Shariah Board of America which used Devon Bank to finance its own headquarters acquisition.
Cham Bank - Ist Islamic Bank in Sep 2006 Syria International Islamic Bank - 2nd Islamic Bank Sep 2007 Al Barakah Bank Syria - 3rd Islamic Bank January 2008 Cham Bank - Ist Islamic Bank in Sep 2006 Syria International Islamic Bank - 2nd Islamic Bank Sep 2007 Al Barakah Bank Syria - 3rd Islamic Bank January 2008
Sharjah Islamic Bank was created in 1976.
ABC Islamic Bank was created in 1998.
Islamic Development Bank was created in 1975.
Dubai Islamic Bank was created in 1975.
Islamic Bank of Britain was created in 2004.
The population of Noor Islamic Bank is 2,010.
Noor Islamic Bank's population is 650.
Islamic Development Bank's population is 932.