Companies that provide financial services and products that facilitate the creation, liquidation, or change in ownership of money and other financial assets. Includes credit-related services, investment-related services, oversight services, investment banking, all other banking, insurance, central banks and monetary authorities, and stock exchanges.
Companies that accept and manage deposits, in compliance with Islamic Sharia principles, from individuals, firms, and governments and use a portion of those deposits by issuing loans and holding securities. Islamic banks replace conventional interest-based lending with fixed-income alternatives such as Murabaha, Ijara, Tawarruq, and other financial instruments. They also do not engage in financial risk trading activities, and exclude investments in businesses that do not comply with Islamic principles.
Companies that collect funds through accepting deposits and channel the funds into lending activities. The companies also provide services that facilitate the lending of funds such as mortgage and loan brokerage services, clearinghouse and reserve services, check cashing services, and other banking operations such as providing ATMs. Includes conventional and Islamic commercial, specialized, offshore, and online banks.
Companies that accept and manage deposits from individuals, firms, and governments and use a portion of those deposits to earn interest by issuing loans and holding securities. The industry includes conventional and Islamic banks.