Interest (riba) is prohibited (haram) in islam. So, islamic banking operates through ijara, murbaha, musharaka mechanisms- in which depositors money is invested in borrowers property / business and returns are shared in form of rent / profit but not in the form of
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Interest (riba) is prohibited (haram) in islam. So, islamic banking operates through ijara, murbaha, musharaka mechanisms- in which depositors money is invested in borrowers property / business and returns are shared in form of rent / profit but not in
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