Is Islamic Banking profitable?

Question

Is Islamic banking profitable for banks like the banks which charge interests?

Answer 1

no,

Answer 2

i dont know how the reply is already "NO". Islami banking system is the best way to Invest, take loan and off course to make profit without harming others.

some says that, its risky to deposit money in islami bank since it maintain profit sharing mechanism. but you must know where u r keeping ur money and u will not deposit ur money to bank which is not making profit.

be sure that, islami bank do not invest money in illigal projects, do not give u assurance of higher profit since the will not force a bankrupt to pay loan selling his life. reading the history of bank, u will know that, this is a ancient invention by muslims and many international banks are implementing the mechanism in this century.

plz search more on internet and grab the pure knowledge.