A Comparative Analysis of Islamic Banks and Conventional Banks

Authors

  • Shadieva G. M Samarkand Institute of Economics and Service, Uzbekistan
  • Aliev Shukhrat Esanboy ugli Is a Master Student of Sbtsue

Keywords:

Islamic banks, conventional banks, house buying, financing methods, Sharia compliance, interest-based financing, Murabaha, Ijara, Musharaka, credit assessment, down payment

Abstract

This article explores the important aspects of buying a house with Islamic banks and conventional banks. Islamic banks operate according to Sharia principles, prohibiting interest (riba) and promoting ethical financial transactions. Conventional banks, on the other hand, offer interest-based financing. Key aspects examined include financing methods, contractual structures, transparency, ethical considerations, credit assessment, down payments, regulatory compliance, and risk-sharing. Understanding these aspects is crucial for individuals seeking to purchase a house and navigate the financial options available to them.

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Published

2024-05-21

How to Cite

G. M, S. ., & Esanboy ugli, A. S. . (2024). A Comparative Analysis of Islamic Banks and Conventional Banks. EUROPEAN JOURNAL OF BUSINESS STARTUPS AND OPEN SOCIETY, 4(5), 184–188. Retrieved from http://inovatus.es/index.php/ejbsos/article/view/3206

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