Islamic Windows or Islamic Banks

Aawsat.com:At the beginning of the Islamic banking experience, there were only exclusive Islamic Banks, there was no such thing as "Islamic Windows" as conventional banks had yet to realize the size of the opponent that had entered the banking industry. They thought that Islamic finance was a practice based upon religious fervour that was bound to fail because it was not capable of providing a suitable alternative to conventional banking.

However the stability demonstrated by the Islamic banking industry in its early stages, and its ability of providing a credible alternative [to conventional banking] – thanks to the support of the Islamic community – led to it succeeding. This resulted in Islamic banking becoming a serious contender to conventional banking...continue