What Is The Difference Between Conventional Banking System And Islamic Banking System
Is Interest Rate In Conventional Banking Is The Same As Profit And Loss Sharing In Islamic Banking? The main or primary difference between Conventional Banking / Interest Based Banking System and Islamic Banking system is that in convention banking system, the profit earned is the result of money vs money, where no real activity behind it while in Islamic Banking System a real activity (Sales Transaction) is taken place in the distribution of profit and loss agreed upon between parties i.e., the profit and loss shared based on Islamic Mode Of Financing (Mudarabah, Musharakah) between parties. So due to this main and important difference, we can say that Islamic Banking System Is Far Better Than Conventional Banking System. اسلامی بینکینگ اور سودی بینکینگ سسٹم میں بنیادی فرق یہ ہے کہ اسلامی بنیکینگ میں ایک حقیقی ٹرانزایکشن ہوتی ہے جیسا کہ ایک سیل ٹرانکزایکشن جس میں نفح اور نقصان پارٹیز میں شیئر ہوتا ہے محادے کے مطابق جبکہ سودی بینکینگ سسٹم میں کوئی حقیقی ٹرانزایکشن نہیں ہوتی بس
