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Q.No . 3 (Marks: 3 ) (CLO 2) i. Which model of Islamic banking was suggested by early scholars of Islamic Finance and how does

Q.No. 3 (Marks: 3) (CLO 2)

i. Which model of Islamic banking was suggested by early scholars of Islamic Finance and how does it work?

ii. Critically discuss the shortcomings of this model

iii. Explain the exchange rules of Islamic finance and its applications to modern currency exchange?

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