Difference Between Islamic Banks and Conventional Banks:

1. The key difference is that Islamic Banking is based on Shariah foundation.
2. The absence of Interest based (riba)transactions.
3. The avoidance of economic activities involving oppression(Zulm).
4. The avoidance of economic activities involving speculation(gharar).
5. The introduction of an Islamic tax, Zakat.
6. The discouragement of the production of goods and services which contradict the Islamic value(haram).