Procedures, Advantages And Disadvantages Of The Islamic And Conventional Banks In The GCC Area

Abstract

This study aims to identify and discuss some of the major differences in the processes and business functions of Islamic banks and conventional banks, as well as conduct a thorough literature review on banking services in the Gulf region and around the world.

While some of the key concepts were explained later in the paper, the benefits and drawbacks of the two types were viewed and discussed, and then a study that examined the period 2005-2010 was embedded in the paper, the study was done by K.K. Siraj and P. Sudarsanan Pillai, and it studied the banks in the GCC region. The study concluded some expected and unexpected results, as there is an emphasis on the reason behind the study's selection of the specific time period of 2005 - 2010, which is also discussed later in the paper.