Islamic banking institutions are established to provide an alternative
financing arrangement that uses trading (al-bay) as opposed to usury
in their business. The banking modality however is still based on the
deposit-taking function where deposit funds are used by banks to make
loans. Deposit funds are in essence loans acquired from depositors who
can make withdrawal on call,
IFT October 2020
$2.00
Description:
Islamic banking institutions are established to provide an alternative
financing arrangement that uses trading (al-bay) as opposed to usury
in their business. The banking modality however is still based on the
financing arrangement that uses trading (al-bay) as opposed to usury
in their business. The banking modality however is still based on the
Details :
| Information | |
|---|---|
| Name | IFT October 2020 |
| ISSN | 1800-1319 |
| Language | English |
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