Islamic vis-a-vis Traditional Banking a 'Fuzzy-Set' Approach

Commercial banks have become a vital part of the contemporary economic life of most societies. Their main function is the mobilization of the society's savings in order to channel them to economic and social uses. Through extending credits to worthy borrowers, commercial banks act to increase production, expand capital investments, and presumably achieve a higher standard of living. Other services include the convenient method of making payment through cheques and credit cards, the supply of foreign currencies and purchase and sale of securities. However, their main goal is the maximization of profit subject to a reasonable level of liquidity, safety, and soundness in performance. Their profits come from interest rates and the various fees and commissions charged by them from customers