posted by Christopher W. Holton

Note the misleading information in this article, namely referring to “Islamic banking” as “interest-free banking.”

This implies that Shariah-compliant banks loan money for free. Nothing could be further from the truth. They charge fees instead of interest and very often the fees exceed what conventional interest would have charged…

http://www.freepressjournal.in/business/rbi-govt-exploring-introduction-of-sharia-banking/919718

Tagged with:
 

Comments are closed.

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!