Banking Assignment Writing Help

In current era, students in banking field face issues in understanding different important terminologies.These issues may involve issues of liquidity, profitability, solvency, and efficiency. For this reason, you should know that there are two areas of banking namely Islamic banking and commercial banking.These are main areas for you to understand the above stated issues and I am here to shed light on difference between commercial and Islamic banking systems. Understanding these points can enable you to elaborate and understand significant concepts and themes of banking assignment writing.

Differences of Commercial and Islamic Banking Systems

 There are some major differences between commercial and Islamic banking systems and here I am providing some features for banking students to clear their concepts while seeking banking assignment help

A Customer Relationship – Way of Dealing.

Students working on online banking assignment must acknowledge the relevant differences of Islamic and commercial banks before dealing with their consumers. These differences reflect the relations of debtor and creditor on the basis of account opening contracts. It is possible that assigned tasks involve understanding of consumer dealing in any of these areas of banking.The commercial bank is responsible to pay back your cash without any interest whereas Islamic bank do not follow this policy. However, both banks are dealing with consumers in advanced ways and the value of a customer is significant symbol for both banking systems to develop strong marketing.

Money Transactions – Reflection of Rules and Regulations

These are the basic concepts of banking systems, which require consideration of students to understand the banking field. In order to reflect the understanding of transactions within assigned tasks, students should know that commercial banks charge interest on money transactions whereas Islamic banks do not follow this policy. Commercial banks are known as profit making organizations and do not follow the religious principles. Whereas Islamic banks also have the purpose of earning money but not to make profit, they follow Islamic principles to get the objectives of earning money. These policies reflect basic rules and regulations of banking systems and helpful areas for students to understand the banking field.

Investment in Bank – Fixed Amount 

This is another policy of banking system concerning the rules and regulations for customers to invest the money in commercial or Islamic banks. Commercial banks have the policy for paying interest to consumers on invested money after completing the contract time period. On the other hand, Islamic banks do not follow this policy because interest is not allowed in Islam and known as restricted feature. In case of unexpected business failure, commercial bank is liable to pay back profit and invested money whereas Islamic bank do not follow this policy, in case of business failure the bank is not responsible to pay back the money. These are the basic policies of Islamic and commercial banking systems. Students having assignment on banking topics may get help from these differentiated policies of Islamic and commercial banking policies to cover the problems and to get progression.