Islamic Shariah prohibits ‘interest’ but it does not prohibit all gains on capital. It is only the increase stipulated or sought over the principal of a loan or debt that is prohibited. Islamic principles simply require that performance of capital should also be considered while rewarding the capital.
Showing posts with label What is the philosophy of Islamic banking and finance?. Show all posts
Showing posts with label What is the philosophy of Islamic banking and finance?. Show all posts
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