Islamic banking

Islamic banking is a type of banking that follows Islamic religious laws. Islamic banks must follow certain rules to be considered a "real" Islamic bank. For example, Islamic banks must not invest in things like alcohol, gambling, or pork products. They must also not charge interest on loans (since charging interest is seen as taking advantage of people's hardship). Instead, Islamic banks use a different type of contract called "mudarabah," which lets you invest money with someone and share in the profits. This way, both the person investing and the person they invested with can make money without someone taking advantage of the other.