Jun 21, 2019 | Blog, Islamic Finance
Another major difference between Islamic & conventional financial institutions is in terms of when a customer delays in paying an instalment, whether or not the institution affected can charge late payment fees. If such a scenario happens to the customer of a...
May 30, 2019 | Blog, Islamic Finance
A major difference between Islamic & conventional financial institutions is in terms of organisational structure as Islamic financial institutions have an additional governance requirement. Islamic financial institutions must have a Shariah board whose members are...
May 28, 2019 | Blog, Islamic Finance
People often ask if there is really any difference between Islamic & conventional financial institutions. Due to the frequency of this question, Insha Allah, I will post some of the major similarities & differences between an Islamic & conventional...
