Editing Language/Multiple-languages/Culture/Basics-of-Economy
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There are central banks, controlled by the government to implement policies; commercial banks, which mainly focus on deposits and loans. | There are central banks, controlled by the government to implement policies; commercial banks, which mainly focus on deposits and loans. | ||
Investment banks do business in a different way and don't belong to the bank. In different countries and regions, “investment bank” is defined differently. They usually do businesses like mergers and acquisitions, security issuing, consulting | Investment banks do business in a different way and don't belong to the bank. In different countries and regions, “investment bank” is defined differently. They usually do businesses like mergers and acquisitions, security issuing, consulting. | ||
There is also the Islamic banking, where banking activities must comply the Islamic law. In an Islamic bank, Muslims can save money free of charge and non-Muslims are charged, because the Quran says that Muslims are superior. There are no interests, because Quran prohibits getting something for nothing and interests are included. Any profiting activity based on uncertain events in the future are also prohibited, which includes gambling, trading of derivatives, and so on. | There is also the Islamic banking, where banking activities must comply the Islamic law. In an Islamic bank, Muslims can save money free of charge and non-Muslims are charged, because the Quran says that Muslims are superior. There are no interests, because Quran prohibits getting something for nothing and interests are included. Any profiting activity based on uncertain events in the future are also prohibited, which includes gambling, trading of derivatives, and so on. |