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Islamic and Conventional | Silvia Banking Solutions

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Islamic and Conventional

Islamic Banking is based on Shariah Law.

The main priciple is that you cannot make money with money, there must be a purpose.

The profit made by Financing is distributed to the Funding accounts after deduction of the bank's share of the profit (Nisbah).

Financing and Funding accounts can share a pool, the number of pools is unlimited.

Conventional Banking is interest based.