Much of the world of Shariah-compliance is made up of smoke and mirrors, concoctions pieced together to work around Shariah prohibitions against interest and the like. The UAE central bank has greatly aided the financial jihad with the development of a short-term lending instrument that it claims is Shariah-compliant…

http://www.thenational.ae/business/banking/central-bank-of-uae-launches-shariah-compliant-short-term-lending-service

 

 

 

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