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29 July, 15:01

Under the Islamic banking method of mudarabah, when an Islamic bank lends money to a business, rather than charging that business interest on the loan, it takes a share in the profits that are derived from the investment. True / False.

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  1. 29 July, 15:15
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    Answer: True

    Explanation:

    This is because "sharia" an islamic practice goes against paying interest on all money loans.
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