Islamic and conventional banking

Authors

  • Enver Gicić Fakultet za islamske studije, Novi Pazar, Srbija
  • Sumeja Smailagić Fakultet za islamske studije,Novi Pazar, Srbija

DOI:

https://doi.org/10.26340/muallim.v24i96.2065

Abstract

UDK: 658.14:336.71

The authors here aim to present the outlines of the two financial systems. One is the conventional system based on interest, and the other is the Islamic system which prohibits interest (er-riba). The Islamic model prefers cooperation between entrepreneur and financier, known as “the ownership” model of financing. Islamic banking, as such, is a discipline of economy that studies rules, principles, and systems of banking. Types of financing and financing tools as well as the marketing of the banking services are also subjects of its interest.

Published

23-02-2024

How to Cite

Gicić, E., & Smailagić, S. (2024). Islamic and conventional banking. Novi Muallim, 24(96), 85–90. https://doi.org/10.26340/muallim.v24i96.2065