Sharia compliant Islamic Banking in India a Wealthy Proposition

 
 
 
 
Sharia compliant Islamic Banking in India a Wealthy Proposition
 

Globally, Islamic finance is estimated to be worth about $300 billion, growing at 20% annually. With this growth, the need for Shariah compliant financial products has also increased. The product offerings are similar to normal banking products; however the main difference is that the funds collected are not for the purpose of accumulating/ paying interest or invested in any negative businesses that harm morality of the society. The basic principle of Islamic banking is the prohibition of intere...

 


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Submission Since : | Interaction : 07/04/2025
 
 
 
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