Part III

Eyeing Islamic Banking Operations

In this part . . .

Like their conventional cousins, Islamic commercial banks offer countless products and services that are essential to the customers and communities they serve. Although conventional and Islamic commercial banks have a lot in common, I start this part by pointing out how they differ in function, structure, supervision, and concept as well as in their relationships with customers. I then devote a chapter to explaining how Islamic and conventional banks (including central banks) cooperate in order to serve their customers.

Chapter 9 offers a broad overview of how Islamic banks receive and use funds. Chapter 10 focuses specifically on one segment of Islamic banks’ usage of funds: income- generating financial instruments.