Islamic banking is also termed as Islamic finance or Shariah – compliance finance. This is because all the finance activities, laws of banking are in connection to the Islamic law. Islamic banking, is considered as old as the religion itself and has been given immense respect through the years. Just like any other banking procedures/finance procedures – Islam’s procedures are based on the share of profit or losses and the prohibition of collection and payment of interest by lenders and investors. Additionally, there is an incorporation of the other modes of Islamic banking such as – Mudarabah, Wadiah, Musharaka, and Ijara.Paisa, with the help of this banking system, will assist its customers to prevent exploitation in any manner by the application of the Islamic rulings.