The moral standard of Islamic banking
Since the Islamic Development Bank (IDB) commenced its journey in the late seventies, Islamic banking has been growing globally, with Islamic banking assets crossing the $ 1.8 trillion mark in 2013. The distinctiveness of Islamic banking in comparison with the conventional banks is not merely hypothetical. The aim, objective, policy and work strategy of this banking system are dedicated for the wellbeing of a wider section of people. This banking system does not attach preference to making only profit to satiate the greed of a few individuals. Rather, it gives priority to fulfilling the basic needs of all people in the society. Now all concerned should work collectively to present the theoretical and hypothetical issues of Islamic banking to the people easily.
Syndicate
