Ever since its inception, the banking sector has been playing an important role in the development of world economy. However over the past few years the conventional banking practices in most countries of the world has suffered mainly due to global recession. Notably the Islamic Banks i.e. the financial institutions following the Islamic system of financing has remained immune to this downturn.
The main challenge faced by the emerging economies of Asia and Africa has been surging inflation generally called increase in prices of essential commodities………………………………………..Full Article: Source