Some examples regarding Islamic Banking,

1. Difference B/W saving account of Islamic Banking and Conventional Banking?

In an Islamic Banking saving A/C operates in an Islamic way like Bank is an worker and stake holder and Account holder is an investor in which Bank signed on his behalf an agreement that his share is 5 to 10 percent in total profit or loss. It is called " Murabaha" in Islamic term, In Islamic fiqh many terminologies are found in which Islamic Bank set his profit and loss sharing ratio. On the other hand Conventional Bank only set profit percentage. Very minor difference but in some extent the way and mode of financing is changed.

In conventional Banking if you get a car on a lease basis, bank set extra amount it is called interest, but in Islamic banking extra amount is set by rental process, the way is changed and amount is same. This type of changing in a mode of financing enable "RIBA" (interest) free banking.