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Can conventional banks offer Islamic products?

Posted on 08 June 2011

Customers are often worried and sceptical when a conventional bank starts offering Islamic banking products alongside its interest-based business. It could be taken as a ploy by conventional banks to take advantage of the commercial opportunity offered by Sharia sensitive customers. After all, how can the same bank be both conventional and Islamic at the same time?
To answer this question, the bankers and the customers need to appreciate the unique aspects that make Islamic banks different to conventional institutions. Once these parameters are understood, they would serve as a reference point to assess the credibility of the Islamic window offering by financial institutions………………………………………..Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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