Banky team Reviewed editorial answerThe difference isn't simply "interest or no interest." Conventional banks often finance through loan relationships, while Islamic banks base their financing on sales, lease, or partnership contracts, among others.
As a user, understand the contract, ownership, and total payments; the word "Islamic" alone isn't a financial review.
The figures, fees and limits in this answer vary by bank and change over time — confirm them with your bank or the official source before acting.