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Q: What is the difference between normal banks and Islamic banks?
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What is the difference between the commercial banks and micro finance banks?

The difference between the commercial banks and micro finance banks is in their functions and ability. The main difference is in the lending limits with micro finance banks having lower limits.


What is the difference between Exim Bank and normal banks?

EXIM Bank provides a whole range of different services, from exchanges to 'green banking'. 'Normal Banks' offer mostly savings, bonds and debit/credit card.


What is the difference between regional rural banks and co-operative banks?

bhag bhosdik


How many Islamic banks are there worldwide?

501


Which banks use Islamic principles in Pakistan?

bank Al-Islamic is only who give services according to Islamic principles.


What is significance of comparison between the Islamic banking and conventional banking?

Islam forbids the charging and paying of interest, so many Islamic banks use some sort of fudge to get around 'interest'.


What is the difference between unit banks and branch banks?

Look elsewhere =D The internet always provides a answer, just not the answer you're looking for.


What is Islamic bank of Bangladesh?

Banks are banks. By prefixing 'Islamic' before a donkey does not make it Halal, similarly Usury is never 'slamic'. Anyhow, it is a bank operating in Bangla Desh.


What is the difference between a national city bank and a normal bank?

National city banks are like Wells Fargo, they are used nation wide and have high fees for nonmembers. A normal bank is something like your local bank that usually does not have outrageous fees for nonmembers.


What is the difference between commercial bank and Islamic bank?

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.


What is difference between public sector banks and nationalized banks?

Nothing. There is no difference. Because the term public sector bank and nationalized bank refers to the same thing. A bank that is owned by the government. Since it means the same thing, there cant be any difference between the two terms.


What is difference between public and private bank?

public bank is state owned banks whereas private banks are owned by private individuals or entities.