PRINCIPLES OF ISLAMIC BANKING, DIFFERENCES AND EMERGENCE FROM CONVENTIONAL BANKS

Islamic banking is not a new concept in the world of financiers. However, the question naturally arises among newcomers: "Is it possible to combine religion with banking?" In fact, very successful results can be achieved through the Islamic banking principle. Islamic banks operate under Sharia law. Islamic banks operate on the basis of Sharia principles: they provide interest-free money only for specific projects.