Scribd Logo
Upload

Welcome to Scribd!

  • Difference Between Islamic and Conventinal Banking

    Uploaded by

    faria
    11 views6 pages

    Original Title

    Difference between Islamic and conventinal banking

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
    11 views6 pages

    Difference Between Islamic and Conventinal Banking

    Uploaded by

    faria

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    Download as pdf
    of 6
    4, MODERN BANKING OPERATIONS n APPENDIX TO CHAPTER 4 FUNDAMENTAL DIFFERENCES BETWEEN ISLAMIC AND TRADITIONAL FINANCING PARADIGMS FOUNDATIONS The Islamic Paradigm: Financial intermediation is aimed at addressing concerns of depositors and meeting needs of end-users of funds in the framework of permissible forms of transactions in the Shari* ah. The Traditional Paradigm: Financial intermediation is carried out on the basis of (interest-based) lender-borrower relationships between depositors and banks on one hand and banks and end-users of funds on the other. ROLE FUNCTIONS OF PLAYERS ON FINANCIAL SCENE Islamic Traditional Set-up Set-up (i) Lenders Lenders (i) Partners Economic Agents Financiers (Sellers, Buyers, (Lenders) Lessors, Partners) GUIDE TO DIAGRAMMATIC ILLUSTRATIONS @ = Financial flows Return financial flows Real flows (goods/usufruct/services), —————-— Direction. of flows >

    You might also like