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Qatar scholar defends Murabaha

Posted on 20 November 2009

From Tradearabia.com: Murabaha differs from interest-based lending as it is based on economic activity, an influential sharia scholar said on Thursday, countering criticism that sharia banking is a copy of conventional finance.

Murabaha, or cost-plus financing, is widely used to finance the purchase of assets from real estate to machinery but has been compared to conventional loans due to the profit earned by banks……………………..Full Article: Source

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