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Islamic Finance Briefing - Categorized | Banking, Islamic Law / Economics more

Shariah finance is based on assets only

Posted on 19 March 2009

From Busrep.co.za: Albaraka’s business is based on Islamic Sharia law, which determines the services it may offer. The number of products it offers is limited by this law.

The bank is different from conventional banks in that it does not charge interest. Sharia law does not permit making money from money….. Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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