Question 3:

In banking industry few banks are working with interest free banking system. In sultanate of Oman, Meethaq Islamic Banking by bank Muscat is the most popular and largest Islamic Banking window. Every Meethaq product goes through the process of Shari'a compliance certification by the Shari'a Supervisory Board and is created in line with the guidelines of the Central Bank of Oman. Critically analyze and explain the effect of Islam on this type of business operations/ Business ethics?