What is the Difference Between Islamic Banking and Conventional Banking? [Student Presentation]

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Student Presenter: Jack Lobosco, Delbarton School

Date: July 29, 2023

Jack talks about Islamic and conventional banking. He explores Islamic banking and where it originated, and compares it to conventional banking. He then talks about the pros and cons of such a banking system.

Jack Lobosco is a Junior at Delbarton School, in New Jersey. He is one of the 6 Incredible students who participated in afikra Global Connect 5th Cohort.

Sources & Future References

• Islamic Development Bank

• Islamic Finance - The World Bank

• The IMF and Islamic Finance

• Understanding the Arab Consumer - Harvard Business Review

• Development of the Islamic Banking System By Ahmad Alharbi

• The Politics of Islamic Finance

• Islamic vs. Conventional Banking: Business Model, Efficiency and Stability - CFA Institute

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About Global Connect

afikra Global Connect is a one-of-kind 8-week course designed for high school students interested in exploring the Arab World's histories and cultures and connecting with other stellar leading students worldwide. Global Connect is supported by the University of Chicago’s Center for Middle Eastern Studies & the University of Texas at Austin’s Center for Middle Eastern Studies.

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