Financial transactions in Islamic banking are viable alternatives to the conventional banking transactions

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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...

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Bibliographic Details
Main Authors:	Jalil, Md Abdul, Rahman, Muhammad Khalilur
Format:	Article
Language:	English
Published:	Centre for Promoting Ideas, USA 2010
Subjects:	HG Finance
Online Access:	http://irep.iium.edu.my/3267/ http://irep.iium.edu.my/3267/1/Islamic_Financial_Transactions_IJBSS.pdf

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