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Muslim Academy

Why Islam Prohibits Interest - 0 views

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    Islamic finance has emerged as the most rapidly growing sector in the recent past and we can often hear the slogans, "Let's bank the Islamic way." It is owing to the failure and large recessions of the present banking system. One major difference that distinguishes Islamic Banking from the conventional banking system is that the former is Riba (interest) free and does not allow fixing the things that are out of control of the individuals and are driven by market factors. People raise questions about this system for being the same as the traditional o
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