Dr. Monzer Kahf, a prominent economist and counselor states: “There is no doubt that Islamic banks can be used by Muslims and non-Muslims alike with not a single thing of differentiation between them. Islamic banks inMalaysia for instance have more non-Muslim customers than Muslims.

In brief Islamic banks are normal banks that observe two main things: 1) their financing and deposits are done without interest (this does not mean without return) because they do not take funds or give funds on the basis of lending, they rather take and give money on the basis of either sharing, sale or leasing; and 2) they are morally committed in their transactions, for instance, they do not accept to finance casinos, liquor, tobacco and all other vice activities.”