Role of banks in UAE financial departments

Mashreq Bank07 Dec, 2020Business

Unlimited data and information are available on the internet about two different banking channels in UAE: Islamic and conventional banks. Keep one thing in mind that majority of the expatriates would love to prefer Islamic banks for all financial management and solutions. Why is it so? There are several reasons to prefer Islamic banking over conventional banking but at the same time, I would support the oldest banking system. As we can see that most of the developed regions are working in tradition or what we call traditional banking channels. so both are good and the choice of a system is your personal decision.