ABSTRACT
The Islamic banking system is defined as a financial system in which the guiding principles of its operations and activities are based on Islamic or Sharia rules. Islamic banks should provide for the financial needs of the Muslim population, as the management of the bank is based on the concept of justice and equity in the interest of society as a whole. The history of Islamic financial operations can be traced back to the early days of Islam, when activities such as deposits, loans and exchange rates already existed. The creation of the Mit Ghamr Saving Bank in one of the Muslim agricultural regions of the Nile Valley marked the real beginning of the modern phenomenon. Islamic banks, as organisations based on religion and profit, must comply with two types of regulations: the Islamic or Sharia law and the one issued by the various countries, which are favourable laws.
