This new financial system differs from the conventional banking system as it works in accordance with the principles of Islamic law (Shariah). According to Dusuki and Abdullah (2007), Islamic banking and financial system aims to have a fair and balanced society. In order to protect the interests and benefits of all parties operating in this market and encourage social harmony, charging interest, gambling and excessive risk are prohibited. Pollard and Samers (2007) state that Islamic banking emphasizes the prohibition of interest and the absence of interest in all loans. Therefore, in the Islamic financial system, profit and loss (PLS), excessive expansion of the size of derivatives and the concept of “too big to fail” are found in Islamic banking but not in conventional banking.