Islamic banking and finance is a fast growing industry which is developing persistently and has been competitive to achieve and maintain its growth momentum even in the time of great recession. Islamic banking and finance industry came into being with profit and loss sharing investment by Egypts Mit Ghamr Saving Bank in 1963. Development of Islamic banking started after 1970 with new investment techniques, strategies and product development. Principles of Islamic banking is based on Islamic laws known as Shari`ah consisting three principles in regard to investment, banking or financial...