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Theoretical Studies in Islamic Banking and Finance
Theoretical Studies in Islamic Banking and Finance
Author: Mohsin S. Khan
Islam proposes that the banking systems that operate on the basis of an ex ante fixed rate of interest be replaced by a profit-sharing system in which the rate of return to the financial resources is not known and is not fixed prior to the undertaking of the transaction. While in Islam interest is forbidden, trade and profit are permissible and ...  more »
ISBN-13: 9780932625076
ISBN-10: 093262507X
Pages: 245
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Publisher: Inst for Research&Islamic Stds
Book Type: Hardcover
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