What constitutes banks largest liability?
Asked in Rodents, South America, Central America
What is the world's largest rodent inhabiting river banks in central and south America?
Asked in Authors, Poets, and Playwrights
What has the author Laurent Balthazar written?
List similarities and differences between Islamic banking and conventional banking?
There are two major difference between Islamic Banking and Conventional Banking: 1. Conventional banking practices are concerned with "elimination of risk" where as Islamic banks "bear the risk" when involve in any transaction. 2. When Conventional banks involve in transaction with consumer they do not take the liability only get the benefit from consumer in form of interest whereas Islamic banks bear all the liability when involve in transaction with consumer. Getting out any benefit without bearing its liability is declared Haram in Islam.