| From Radianceweekly.com: The phenomenon of Islamic banking has steadily emerged as one of the alternatives to the conventional mode of banking based on interests. The Islamic banks work or operate on the principles where profit is not the sole or primary motive and it makes the account holders or the people who come for the loans as stake holders in the system itself.
It has become popular not only in the Muslim dominated countries rather it has increasingly gained ground in the Western world as well. There are various factors responsible for its growing visibility..............................................Full Article: Source
|