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In Islam, the receipt of interest is strictly forbidden which underlies for all economic activities. Therefore, Islam provides several interest-free modes of finance that

In Islam, the receipt of interest is strictly forbidden which underlies for all economic activities. Therefore, Islam provide

In Islam, the receipt of interest is strictly forbidden which underlies for all economic activities. Therefore, Islam provides several interest-free modes of finance that can be used for different purposes. Discuss and justify what the modes of financing can be used for the following conditions: (6 marks) a. Trade and industry finance b. Financing with deficit of budget c. Acquiring foreign loans.

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