The Scope of Conventional Banking

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It was seen that conventional banking does not provide adequate solutions to socio-economic affairs. Ethical banking is the second name of Islamic banking for the same reason.

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The Emergence of Islamic Banking

According to The World Bank, the growth of Islamic banking in most Islamic countries is far more than conventional banking.

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Islamic Banking Vs Conventional Banking

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The World Bank is convinced by the implementation and results of Islamic Banking and has been helping its client countries to expand the implementation of the Shariah-based model of finance.

The demand for conventional banking will be reduced, if not eliminated in the next 5 years.

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