The Bank offers both conventional and Islamic banking through designated branches.

The most visible achievement of Islamic economics has been Islamic banking, which differs from conventional banking in its aversion to interest.

Many modern writers have strongly criticized this approach as a means of covering conventional banking with an Islamic facade.

Keeping Accounts For Online Bank Customers, a Variety of Services and Fees Fees for basic online transactions are usually no higher - and sometimes lower - than those for conventional banking.

Islamic banking has the same purpose as conventional banking: to make money for the banking institute by lending out capital.

The basic principle of Islamic banking is based on risk-sharing which is a component of trade rather than risk-transfer which is seen in conventional banking.

But conventional banking and bill paying are time-wasters compared with their online alternatives, as Robert Siciliano, a security consultant, said that he learned after founding IDTheftSecurity.com in 2000.

The book also dismisses 'Islamic banking' as 'Arabic banking' i.e. conventional banking with Arabic prefixes attached for camouflage.

This has been criticised by some western writers as a means of covering conventional banking with an Islamic facade.

Experts in Islamic finance say that what they propose varies only slightly from conventional banking.