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As a student studying for the course of mathematical finance. 1. What is the difference between Islamic and traditional banks in term of interest calculations?
As a student studying for the course of mathematical finance. 1. What is the difference between Islamic and traditional banks in term of interest calculations? 2. What are the factors that affect the accumulated value in the Islamic banks? 3. What are the factors that affect the accumulated value in the traditional banks? 4. Assume that you have been consulted in choosing between two loan options, the first from the Arab Islamic bank at r= 10%, and the second from Cairo Amman bank at j.=9%. Knowing that the duration of this loan is 5 years, which option will you choose
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