Author: Akhmadjonov, Oybek; Abdullaev, Akhrorjon; Ubaydullayev, Amrullohon; Omonov, Ibrohimjon; Mirzamahmudov, Behzodjon

Annotation: The main difference between Islamic banking and conventional banking is that Islamic banking is based on Sharia principles, while conventional banking is purely man-made. Thus, all aspects of operations, such as product features and business approach, are derived from Shariah law, making it significantly different from traditional banks. This article provides information on these and other differences, common benefits, and key differences. Their money-credit policies and profit-making methods are explained.

Keywords: Islamic bank, traditional banks, ribo, sukuk, mudarab, negotiation, profit, loss, bond, risk, interest, finance.

Pages in journal: 755 - 761