what is the fundamental differences between sharia economic and 'conventional' economic?

Question

some people told me that there are actually no differences between sharia and conventional economic except the terminology. in many cases, sharia economic (ex, sharia banking) charge more expensive for cost of fund compare with conventional banking. is that true?

Answer 1

Its more expensive because of the bureaucracy. Sharia economics subject businesses to compliance checks, to ensure that the businesses involved do not deal with "morally questionable" activities like alcohol, gambling, prostitution etc.