İEF 646 - Comparative Conventional and Interest-Free Banking

This course aims to provide a detailed comparison of conventional banking, which is a dominant type of banking in the current system, and interest-free banking (participation banking or Islamic banking) which has a half-century history.

In the first part of the course, the two types of banking will be compared in terms of their histories, general operations and the products that they use.

In the second part of the course, firstly, the comparison of their current situation will be done. Then, there will be a detailed comparison of these two types of banking in terms of risk management and accounting and auditing, which are two important points for banking.

Finally, a comparison will be made in terms of performance and customer relations.