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  • THE LAW OF RIBA IN ISLAMIC BANKING
    ebook
    THE LAW OF RIBA IN ISLAMIC BANKING
    HASAN GÜRAK, NEELAMBAR HATTI
    The issue of riba, that is, interest/the "excess" or "surplus" on loans is crucial for both Islamic and non-Islamic countries. Western economic systems use interest to distribute financial resources efficiently for investment and/or consumption, while Islamic economies pursue a completely different strategy for financing loans, which adheres to Islamic laws and prohibits the ac...

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