Top Islamic Websites

what is the difference between Islamic banking& finance and other banking & finance? thank you!!!?

Public Comments

1. if i remeber corrrectly from an NPR story on this subject, Islamic banks are not allowed to charge interest....although some of them now are looking at ways around this by starting to charge a "useage fee" or a simlilar "borrowing fee" but the short answer is that they are forbidden from charging interest on loans
2. Islamic banking does not permit charge of interest. They have to look to other sources for covering their expenses.