English, asked by anoushhhhh, 15 days ago

how interest rate differentiate between islamic bank and non Islamic bank

Answers

Answered by joshimilinds

Answer:

In Islamic finance interest is prohibited. If an enterprise is financed by debt with an obligation to pay interest, the risk of the business is not being shared fairly. Instead, Islamic finance requires that finance is provided on the principle of profit and loss sharing.

Explanation:

Answered by patilswetal907

Answer:

it oreiiie official iieie

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