Difference Between Riba And Bank Interest
In my Opinion both Conventional Banking and Islamic banking are SAME. One made by Bankers and other created by Maulvis. You can choose either beneficial to you.
IMHO The Qur’ānic principle of akl al-amwāl al-bātil (devouring wealth through unfair means) is the principle behind any transaction’s prohibition. Whether we call it Riba or interest or any other name that comes along as we progress through time, its the nature of transaction which decides its hurmat and not its commercial name.