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The “Why Investment Banking?” Interview Query

The banking system has additionally changed adequately, with the altering times. The most important development in fashionable banking is the artwork of mobilizing funds for funding. It happened to be that the strategy of both collecting and using of funds was primarily based in the West on the curiosity paid and charged. In contrast Islamic Banking is a system that gives financing and attracts financial savings on the basis of profit and Loss sharing. The Central function of Islamic Banking is that no interest can be charged or paid and the returns could be in the type of earnings from trade by which the cash lent or borrowed is invested. For Muslims this method of Revenue or Loss sharing coincides with their prohibition of interest, and helps in mobilizing unused funds for investment and creating new job opportunities. As for non-Muslims, the Islamic Banking system does not contradict their faith, … Read more

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