IFT October 2020

IFT OCTOBER 2020
  • IFT OCTOBER 2020

$2.00

SKU: ISSN 1800-1319-23-1 Category: Tags: , , , , ,
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

Details :

Information
Name IFT October 2020
ISSN 1800-1319
Language English
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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,

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