To be fair, everyone who says that they're the same is technically correct.
A true Islamic bank will have true Zero Interest rate. This means that the commission taken is actually haram.
The proper way would be to do the following, you want money for like 1,000,000 but you can't pay it now but might able to pay after 2 years go to the bank. The bank "should" offer to buy you an item that has that selling price of 1,000,000 "but" they tell you to pay them after the 2 years 1,200,000. That is not haram.
Also when you put your money in saving account it doesn't sit doing nothing it actually gets invested in a business and you get return from that business.
Hopefully that explains what a true Islamic Bank should be.
To be fair, everyone who says that they're the same is technically correct.
A true Islamic bank will have true Zero Interest rate. This means that the commission taken is actually haram.
The proper way would be to do the following, you want money for like 1,000,000 but you can't pay it now but might able to pay after 2 years go to the bank. The bank "should" offer to buy you an item that has that selling price of 1,000,000 "but" they tell you to pay them after the 2 years 1,200,000. That is not haram.
Also when you put your money in saving account it doesn't sit doing nothing it actually gets invested in a business and you get return from that business.
Hopefully that explains what a true Islamic Bank should be.