Financial transactions in Islamic banking are viable alternatives to the conventional banking transactions
Islam has prohibited riba (interest) on loan given. When a lender lends money to another person, he is allowed to get back the capital amount only and not any additional amount which is usually fixed interest on the capital. Taking interest on loan given caused cruelty and injustice to poor people...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Centre for Promoting Ideas, USA
2010
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/3267/ http://irep.iium.edu.my/3267/ http://irep.iium.edu.my/3267/1/Islamic_Financial_Transactions_IJBSS.pdf |