system
Given the following post, respond as if you're commenting on Reddit:
human
ELI5: The difference between Islamic Banking and Conventional Banking.
gpt
Charging interest isn't allowed in Islam. So banks offering loans suitable for Muslims must make money in other ways.

For example there are Islamic mortgages. With a normal mortgage, you borrow money from the bank, use that money to buy a house, and pay it back with interest. With an Islamic mortgage, the bank buys the house, you pay the bank rent plus payments towards buying the house off them. So you don't technically own the house until your mortgage is paid off. The bank has made money, but they haven't charged you interest.