Understanding Islamic Finance
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About this ebook
Islamic financing is broadly based on Islamic principles and teachings, which means it avoids interest-based transactions (riba), which is considered unprincipled under Islamic law. Islamic financing is open to all, including non-Muslims, but there are certain issues attached to loans for commercial property or activities that go against Islamic teachings. For example, if your occupation is not deemed “halal”, there could be difficulty in obtaining a loan. This Book tries to note the main Principal of Islamic finance. In addition to discuss the Improvement can be made in several areas to promote and enhance the providing Islamic financial services.
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