Author(s): Mohammad Kamal Kamel Afaneh
This study aims to clarify and discuss some of the major differences in the processes and business functions in Islamic bank and conventional ones, in addition to a deep literature review discussing the banking services in the Gulf area, and around the world.
While some of the key concepts were explained later on in the paper, the benefits and drawbacks of the two types were viewed and discussed, then a study that examined the period of 2005-2010 was embedded in the paper, the study was done by K.K. Siraj and P. Sudarsanan Pillai, as it studied the banks in the GCC region, both types, and some expected and unexpected results were concluded from the study, as there is an emphasize on the reason behind the selection of the specific time period of 2005 – 2010 of the study that is also discussed later on in the paper.