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Islamic finance: A new interest in no interest

Posted on 20 July 2010

From Canadianbusiness.com: Islamic finance is based in part on the notion that β€œthe simple lending of money is not entitled to earn a profit,” according to University of Toronto law professor Mohammed Fadal. But if interest is proscribed, there are other basic instruments β€” such as credit sales, forward sales, and leases β€” which allow capital providers to earn a return on their investment.
The potential payoff for a Canadian business class versed in the tenets of Islamic finance is huge……………………………………….Full Article: Source

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