Question

can conventional banking and Islamic banking be run by same authority in the same institution​

Answer 1

Answer:

Simply it is possible, Even in Sri Lanka there are banks which perform both the operations...

The Emirates NBD is selected as one of the conventional banks operating in the region. It may be noted that the bank also possess Islamic banking division

Siraj, K. K., & Pillai, P. S. (2012). Comparative study on performance of Islamic banks and conventional banks in GCC region. Journal of Applied Finance and Banking, 2(3), 123.

Performance of Bankislami is at top followed by Albaraka and Meezan from Islamic banking stream while in case of conventional banking MCB Bank is at top followed by Samba, Silk and JS banks.

Hanif, M., Tariq, M., & Tahir, A. (2012). Comparative performance study of conventional and Islamic banking in Pakistan. International Research Journal of Finance & Economics, (83).

Answer 2

Answer:

A conventional bank advances cash on the basis of a loan against which it earns an interest. As these funds are advanced on the basis of a loan the bank does not hear any risk of loss on these funds. On the other hand, an Islamic bank first purchases an item and by taking its possession, assumes the risk of that item.

Explanation:

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