Free Lecture on What is Islamic Banking? and for more lectures: https://aims.education/study-online/w...
Islamic banking is a system of banking that is based on the principles of Islamic law (sharia). Sharia prohibits the charging of interest, which is known as riba. Instead, Islamic banks offer products that comply with sharia and seek to promote economic justice. Some of the key features of Islamic banking include profit-sharing, risk-sharing, and asset-backed financing. In recent years, there has been a growing interest in Islamic banking around the world, with many conventional banks now offering Islamic products. However, some critics argue that Islamic banking does not actually follow sharia principles and that it is simply a way to attract Muslim customers. Nonetheless, there is no doubt that Islamic banking is a rapidly-growing industry with immense potential.

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