Islamic banking refers to a system of banking or banking activity that is consistent with the principles of the Shariah (Islamic rulings) and its practical application through the development of Islamic economics.
Credit Insurance is an insurance policy that covers non-payment resulting from the delivery of goods or services due to commercial and/or political risks. The insurance is targeted to business entities to insure their accounts receivables from losses due to non-payment by the overseas buyer due to economic casualty or insolvency.
Conventional Banking refers to business activities or an institution for receiving, lending, exchanging and safeguarding money and in some cases issuing notes and transaction other financial businesses in order to earn profit.
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