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a) Riba is prohibited in Islam. Discuss the impact of riba. (10marks) b) The implementation of Islamic Banking, bring a new paradigm to the
a) Riba is prohibited in Islam. Discuss the impact of riba. (10marks) b) The implementation of Islamic Banking, bring a new paradigm to the banking sector as a whole. There are lots of advantages by implementing the concept of Islamic Banking either to the particular financial institutions or to the customers who are the user of the services. Discuss any one (1) of services provided by Islamic Bank. Support with relevant example. (10marks)
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Answer A iRiba is considered exploitative and is prohibited by Sharia Islams religious law Muslims agree that Riba is banned but there is much debate about what constitutes Riba whether he is violatin...
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Information Technology For Managers
Authors: George Reynolds
2nd Edition
1305482492, 1305389832, 9781305482494, 978-1305389830
